When you sell a home, you'll need to pay taxes on the amount of money you earned on the sale as capital gains. However, if you live in the home for two of the previous five years before selling, you ...

A well-drafted tax law will play a key role in contributing to our shared vision of a Viksit Bharat. However, its success ...

The ITAT ruling highlights the importance of proper income assessment and ensures that CPC errors do not lead to unjust taxation. With this decision, the assessee’s appeal was partly allowed, ...

7. We may also refer to a decision of the Karnataka High Court in the case of (Smt.) Sujatha Ramesh vs. Central Board of Direct Taxes, New Delhi, (2017)87 taxmann.com 228 (Karnataka), wherein the ...

As the 2025 tax season unfolds, the IRS has introduced several updates to the Form 1040, the cornerstone of tax filing for ...

Plus: A slow start to the tax filing season, movement on the budget, refusing to file, rescheduling cannabis, tax filing deadlines, industry updates, trivia, and more.

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...

Be careful if you sell online. The IRS may know a lot more about your side hustle this tax season. And it is cracking down on ...

In Connecticut, the deadline to file state and federal tax returns is April 15. Here's how to file for free, and who's ...

Filing taxes can be a struggle. 2 News Oklahoma's Cathy Tatom listens to those who need help and shares where many can go for ...

The Oklahoma Legislature now has its FY 2026 projections after the Board of Equalization approved appropriation percentages ...