Organizations and individuals that pay you money — whether a company, a financial institution, or a person who hires you as contractor — typically must report how much they paid you to the IRS.

Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund ...

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 ...

Form 1040 is the essential U.S. tax form for reporting individual income to the IRS. Discover its types, uses, and filing ...

A revised income tax return (ITR) allows taxpayers to correct mistakes or omissions in a return that has already been filed.

While filing an income tax return, it’s common for taxpayers to miss some details or make small errors such as incorrect ...

The delayed submission of this years ITR Form (Income Tax Return) has raised concerns among taxpayers. The governments recent ...

The Income-Tax Department has notified forms for filing I-T returns by individuals as well as businesses for 2022-23 fiscal year, reported Press Trust of India. The Central Board of Direct Taxes (CBDT ...

If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the ...