Some of the most valuable tax breaks are also the ones most likely to draw extra attention if you get the details wrong. To ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

The glitz of the entertainment industry often conceals the harsh working conditions faced by celebrity managers, who shoulder ...

ITAT Bangalore rules that Section 80P deductions cannot be claimed if the return is filed after the due date. The decision reinforces compliance with Section 80AC(ii) and aligns with Madras HC ...

Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax ...

There are no secret loopholes for day traders, only informed choices. Trader Tax Status lets you run trading as a business. Section 475 (f) Mark to Market turns that business into one that can ...

President Donald Trump has directed his administration to pursue reclassifying marijuana as a less dangerous drug. The change ...

Learn about IRS Publication 535, crucial for business owners to understand deductible expenses to reduce taxable income.

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for ...