The documents required for a personal loan for a salaried individual may include salary slips, the bank statement, Form 16, ...

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, ...

Situations requiring a complex return include: Tax preparation companies define simple returns differently, but most free filing services are limited to basic Form 1040 returns. For example, ...

The IRS on July 7 updated the list of Cycle 2 403 (b) pre-approved plans. The list of Cycle 2 403 (b) pre-approved plans includes pre-approved plans that were submitted to the IRS for opinion letters ...

The W-9 is a common form and is widely available. Most large U.S. Post Offices have a rack with tax forms and large stationery stores also carry a supply. Many of the packaged accounting programs ...

Old tax regime: In the old tax regime, the exemption limit is Rs 3 lakh (enhanced to Rs 5 lakh for taxpayers aged 80 years or more), and the 87A rebate applies for income up to Rs 5 lakh, allowing ...

Your marital status as of Dec. 31 of the year you marry determines your tax filing options for the entire year.

If you exceed the annual gift tax limit, you may have to file a federal gift tax return (IRS Form 709). But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime ...

Once April 2026 arrives, you will probably be focused on those clients who are mandated into Making Tax Digital for income ...

Taxpayers preparing to file their income tax returns (ITR) for the assessment year (AY) 2025-26 will need a detailed set of documents, including income proofs, investment records, and tax deduction ...

The IRS has proposed a step it believes will streamline the process of applying for a private letter ruling (PLR). And it wants to know what you think about it. The IRS on June 16 announced that it ...