Plus: What’s open at the IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes and tariffs, Section 179 expenses and more.

Prime Minister Shehbaz Sharif has instructed a review of the possibility of reducing higher rates of income and sales tax to stop capital and human flight, as despite putting the maximum burden, the ...

If you haven't yet filed your Income Tax Return (ITR), there's some relief. The Central Board of Direct Taxes (CBDT) has ...

ISLAMABAD: The Federal Board of Revenue has faced a widening shortfall in tax collection, recording Rs950 billion in October ...

The tax notice received by HUL pertains to transfer pricing adjustments and certain corporate tax disallowances, including depreciation claims, according to a regulatory filing.

ISLAMABAD: The Federal Board of Revenue (FBR) has received a record 5.9 million tax returns for the tax year 2025 compared to 5 million returns filed in the same period last year, showing an increase ...

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

On remand from the Eighth Circuit and after the Supreme Court held in the case that the Sec. 6330(d)(1) period for filing a Tax Court petition for a review of a Collection Due Process determination is ...

The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

IRS Finalizes Rules After Public Feedback Self Employed There's one clear sign you should look out for. • A creamy yellow ...

Federal filing relief is now available for individuals and businesses in the Sisseton-Wahpeton Oyate Tribal Nation affected by severe storms and flooding that began on June 12, 2025. These taxpayers ...

See Trump rebate eligibility, inflation checks status, IRS where's my refund direct deposit payment, track social security ...