Tax News - Tax Updates ArchiveHere you can find some of our previous tax updates.Tax updates 2023Turkey Interest Rate Turkey increased on December 21, 2023 the interest rate f40% to 42.5%, the 7th rise within seven months. December 2023. U.S November Job Report The U.S. economy added ...
In response to the Coronavirus (COVID-19) pandemic, the Treasury and IRS issued new instructions that call for a tax deadline extension, moving the customary April 15 deadline to May 17, 2021. Read more to learn about the relevant details and how they im
The due date for income tax audit report forms 10B and 10BB has been extended for institutions and trusts until 10th November 2024. Read Order16th October 2024The Income Tax Circular No. 01/2024 relates to the FAQs on the provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme. Re...
CPC Autofill ITR-V Receipt date Generate EVC by linking the Aadhar with the PAN Through Aadhar OTP or EVC e-verify the return Registration of user and revision of the contact of a profile ADD CA and authorize Audit Report Automatically control notifications and other communications delivered to ...
Oct. 15: It’s extension Tax Day! File. Now! Oct. 21: With your 2023 tax return finally done, it's time to work on reducing your 2024 tax bill. One way to do that is to reduce your taxable income, but in a way that’s to your benefit. Yes, I’m talking about contributing...
However, you can't check if you have a refund due to you until you complete a tax return. To amend a prior year return to claim any overpaid taxes, you have three years from the date you filed it. If you didn't file a tax return, then you have two years to submit one in ...
If you don’t ask for an extension and miss the filing deadline, you’ll be charged a late filing penalty—usually 5% of the amount due for each month up to a maximum of 25%.If you’re 60 days past the filing due date, the IRS will fine you a minimum penalty of $435 or the ...
15 extension deadline (or by April 15) and still have that tax material stacked on your desk or stuffed in a drawer, now is the time to organize it. Your tax record keeping will be based, in large part, by the Internal Revenue Service’s audit statute of limitations. That essentially ...
Our audit experts will discuss the state of the current initiative and explain how to handle the IRS examination itself. Read More Texas Franchise Tax: Sourcing Rules, COGS Calculations, Entity Issues, and Combined Report... May 9, 2024 • CPE • CPE On-Demand, Download This program ...
Cash: Casinos, banks and others must report cash transactions over $10,000. If you fudge on these numbers, the IRS could find you out. Businesses that operate using cash are also likely to be red-flagged for an audit. Mismatch with 1099s: If what you report is less than what your 109...