There are certain elected officials who appear to have a certain orange hue about them," one Democrat scoffed at a tanning ...

The recommendations, sent Tuesday in a letter to Treasury and the IRS, include that the IRS expressly allow taxpayers to rely ...

In a letter to congressional committee leaders, the AICPA said Congress should strike language from the tax bill that bars ...

Held that where department had accepted the re-payment of loans in the subsequent year, no addition was to be made in the current year on account of cash credit. Respectfully following the same, the ...

Children from middle-income households." More Respondents were asked, "Based on what you know or have heard, if the Texas Legislature establishes an educational savings account (ESA), voucher, or ...

If you’ve received a notice under Section 142 of the Income Tax Act, don’t worry ... Bharech says that such notices often mean a taxpayer’s return is under scrutiny and they will have to submit proofs ...

Reform would raise the minimum income tax threshold from £12,571 to £20,000, exempting six million people from having to pay income tax, while raising the higher 40p rate threshold from around ...

Tax laws change frequently, with updates impacting the best tax planning practices for businesses across industries. Over the next year, there will be significant changes to tax laws with the ...

You'll need to submit tax ... accounts and to submit tax updates every quarter, rather than once a year, as previously required. This will soon apply to people who are self-employed sole traders or ...

“Interest earned from a savings account is taxable under the Income Tax Act. However, individuals and HUFs can ... by reducing the taxable income of ordinary taxpayers. However, it does not cover ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...