As of Feb. 14, the IRS had received about 5% fewer individual returns compared to about the same point last season, according ...

The CRA reassessed the taxpayer for those taxation years to include in his income amounts in connection with the Swiss bank account, and imposed both gross negligence penalties, and penalties for the ...

The existing provisions of section 275 provide for the time limit for passing the order imposing penalties. There are multiple time lines for imposition of penalties in various cases. This makes it ...

Anyone with a phone or an email address knows financial scammers are relentless — and tax season is perhaps the worst time of ...

10. Further, if the place of shipment is wrongly filled up, then it is merely a technical error provided if no other defect is found in the e-tax- invoice as well as e-way bill in respect of quality ...

Most people file their taxes hoping to get a refund. But that is not always how it pans out. In some cases, you may end up ...

Reconsidering its earlier holding in the case, the court again held the IRS lacks statutory authority to assess the penalties for failing to file information returns disclosing ownership in foreign ...

Once you establish a retirement account, such as an IRA or 401(k), you want to maintain your balances and obtain tax-free ...

Because they are imposed under Title 31, taxpayers’ foreign bank account reporting failure penalties were not subject to the Code’s procedural requirements, the Tax Court held.

The Kenya Revenue Authority (KRA) has introduced a tax amnesty program waiving KSh 140 billion in penalties and interest, ...

The new tax season is underway, and the Internal Revenue Service (IRS) is already processing returns that have been submitted ...

KUALA LUMPUR, Feb 28 — The Penang state government has extended the full exemption on overdue land tax and parcel tax ...