ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has expressed serious concern that Tax Laws (Amendment) Act ...

Non-US financial accounts are reported on FBAR. Penalties can be severe but it is often more difficult for IRS to enforce ...

Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

Filing taxes may appear overwhelming due to the various slabs, exemptions and the different Income Tax Return (ITR) forms issued by the IT department. This confusion is especially prevalent among ...

Form 16 is a certificate issued by employers to their employees, detailing the Tax Deducted at Source (TDS) from salary income. It serves as proof that TDS has been deducted from an employee’s salary ...

Tax exemptions are applied before tax rates are calculated ... or other specific types of entities. Why Do I Have to Fill Out ...

Here's when to file your business registration paperwork and how to decide whether a delayed filing (a.k.a. delayed effective ...

As a U.S. taxpayer, one of the last things that you want to hear is that the Internal Revenue Service (IRS) has disagreed ...

When a disaster strikes, it’s best to act fast so you can get reimbursements sooner rather than later. Here’s how to get your tax documents back, according to the IRS.

Qualified fixed assets are eligible for a one-off deduction policy before corporate income tax in China. Here is everything ...

Answer: Reporting your tip income correctly is not difficult. You must do three things: 1. Keep a daily record. 2. Report tips to your employer. 3. Report all tips you receive on your income tax ...