If you are a nonresident tax filer and had no US-sourced income during the previous calendar year, you only need to complete ...

Experts have suggested tariff revenue would be unable to match the over $2 trillion generated by income taxes annually.

The Federal Board of Revenue (FBR) has rejected the information being circulated on social media about fresh changes in the income tax return form for 2025 tax year, terming it misleading. “No changes ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

A costly oversight around Form 10-IEA is catching many self-employed taxpayers off guard — one missed step, and your tax return could default to the new regime, wiping out key deductions and refunds.

ISLAMABAD: After repeated promises of simple form, the Federal Board of Revenue (FBR) has finally issued a comprehensive income tax return form for traders for tax year 2025. The return form for the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Marguerita is a Certified Financial Planner ...

Conclusion: Demand raised under Section 201(1) and 201(1A) for failing to deduct 1% TDS (Tax Deducted at Source) was justified as purchase of factory land was not agricultural land for s.194-IA ...

Any person who fails to deduct or, after deduction, fails to deposit TDS, is deemed to be an assessee in default. Proviso: Where the deductee has filed return of income, considered such sum for ...

Burleigh County delayed sending income tax forms to election workers due to confusion over which form they should receive. Meanwhile, county Human Resource Director Pamela Binder believes that Auditor ...

Georgia Lieutenant Governor Burt Jones announced on Thursday morning that he has formed a Senate committee to explore the idea of eliminating the state’s income tax. The Senate Special Committee on ...

Indiana’s 201% hike in its cigarette excise tax, which takes effect July 1, will reshape consumer behavior, and not necessarily in the way lawmakers expect. While the intent is to boost revenue, the ...