If the Income Tax Return (ITR) is not filed within the due date, a person may have to pay a late fee up to ₹5,000 and also interest on unpaid tax. More importantly, business losses or the capital ...

Americans are spending over $14 billion on tax preparation services this year, according to IBISWorld. Millions of taxpayers may be eligible for free filing services. The IRS Free File program allows ...

The rationale behind granting extensions is ostensibly to enhance tax compliance by accommodating genuine difficulties.

Taxpayers often make minor mistakes while filing their ITR, such as omitting an income item, incorrectly listing a deduction, ...

Taxes may be fact of life, but have you ever been up close and personal with a Form 1040? Here's a beginner's guide to understanding how federal income tax returns work. Many, or all, of the products ...