One of the biggest advantages of filing as head of household is the higher standard deduction. For the 2024 tax year, heads ...

THE Bureau of Internal Revenue (BIR) has established a dedicated task force to audit social media influencers for tax registration compliance and tax payments. Lawyer Ron Mikhail Uy, representing the ...

Whether you’re a retiree who has shifted to part-time consulting, a career-driven twenty-something who has started a new side ...

While keeping cash at home is not illegal, lack of documentation and unexplained sources can attract heavy penalties.

Cuomo’s Start-Up New York program created a network of tax-free zones tied to colleges and universities. Starting in 2014, it ...

The article discusses tax implications for gifting pieces of art to tax-exempt charities, specifically focusing on how donors ...

The HC ruled that the I-T department cannot disallow expenses under Income Tax Act unless illegal activity is conclusively proven.

Being smart with your year-end finances can help your farm’s bottom line. Learn more in this guide to maximizing tax ...

From food security to infrastructure which needed to be repaired, bridges, fences, everything that they did, there was ...

Tax season can bring added exposure to scams and fraud. A mother and daughter in Little Neck, Queens say it happened to them.

New guidance from the IRS clarifies when scam victims can deduct their losses. Investment cases are among the most clear-cut.

Millions of Americans have filed their federal tax returns, and many already received their refund. While the Internal Revenue Service is still processing forms — and many taxpayers have still ...