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RBI report flags large-scale variation in property tax collection across civic bodies

It may look surprising but it is a fact that the property tax revenue of the municipal bodies in De…

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Relief for taxpayers: Deadline to file income tax returns extended further to January 10

The extension of the deadline is specifically for those individuals whose accounts do not requir…

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1 min read

The IRS wants to crack down on executives who use company private jets to go on vacation, and stop wealthy tax avoiders from 'flying under the radar'

Companies can receive tax deductions for maintaining a private jet. The IRS will ensure they don't …

Pete Syme   


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Income tax filing deadline for FY21 extended to December 31

The government has extended the deadline because of continuous technical glitches reported on th…

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3 mins read

Two tax regimes & rise of freelancers drive people to tax experts, chartered accountants

The option of the new and old tax regimes and complex taxation laws require the assistance of exper…

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3 mins read

Made a mistake while filing tax returns? Here’s how to file a revised ITR

The process of revising a tax return involves making necessary updates and corrections to a previou…

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2 mins read

A bipartisan Senate group wants to fund an IRS crackdown on 'tax cheats' in nascent infrastructure proposal

Sen. Angus King told Insider "there's a lot of money we're leaving on the table." The IRS told Cong…

Juliana Kaplan,Joseph Zeballo…   


Lloyd Lee   


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The IRS gave us a window into how much tech titans have dodged in taxes

The IRS says Microsoft owes nearly $29 billion in back taxes. It might signal a widespread practice.

Juliana Kaplan   


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Under Biden's plan, the top 1% of Americans would pay an extra $100,000 in taxes every year

According to a report from the Institute on Taxation and Economic Policy, the bottom 99% of America…

Juliana Kaplan   


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Newly released tax returns reveal Trump paid more in foreign taxes than US income tax for years

Donald Trump's tax returns, released after years of legal battles, shed light on his business deali…

Katherine Tangalakis-Lippert   


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Deadlines for tax returns deferred⁠— and other tax reliefs announced by Nirmala Sitharaman

As people face layoffs and drastic change in working environments amid the coronavirus lockdown in …

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3 mins read

Todd and Julie Chrisley reported prison to begin their sentences for bank fraud and tax evasion today. Here's what is next for them.

The "Chrisley Knows Best" stars were convicted in June 2022 of running a yearslong fraud scheme and…

Eve Crosbie   


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US Treasury Secretary Yellen reaffirms June 1 as hard deadline to raise the debt ceiling

"I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in e…

ANI   


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6 mins read

'Selling Sunset' agents are freaking out about LA's new mansion tax — but it's not just millionaires who should be worried

In this season of "Selling Sunset," there's a new villain in town. It's the Los Angeles mansion tax.

Juliana Kaplan,Eliza Relman   


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1 min read

How Trump devised his fake IRS audit excuse to 'get myself out of' releasing his taxes, according a new book

"'I could just say, 'I'll release them when I'm no longer under audit,' Trump said,'" according to …

Nicole Gaudiano   


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3 mins read

Some of America's richest people are just not paying their taxes — and millionaires alone could owe up to $34 billion

The average American paid over $16,000 in income taxes last year. Some millionaires paid nothing.

Juliana Kaplan   


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The IRS extended the tax deadline to July 15 and at least 21 million Americans took advantage

IRS data shows roughly 21 million fewer tax returns were filed by the April deadline this year than…

Tanza Loudenback   


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Oct 1 deadline for compulsory e-invoice generation nears for firms with ₹10 crore turnover

Central Board of Indirect Taxes and Customs (CBIC) had on August 1 issued a notification regar…

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1 min read

Side-hustlers who get paid via Cash App and Venmo risk being audited if they don't report their earnings, IRS warns

A tax expert told Insider that the "worst case" for people with a side-hustle who don't declare ear…

Jyoti Mann