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TAXPAYER RIGHTS
IRS officials may visit taxpayers in Los Angeles, Miami, Dallas, New York and Chicago: Why it happens, what to expect and how to avoid scamsIRS Revenue Officers might conduct in-person visits to taxpayers who have unresolved tax debts or unfiled returns. Such visits are rare and...
Trump's Air Force One emergency slide deploys, delays trip to GOP soiree in TexasUS President Trump experienced a brief delay before his Texas trip due to an emergency slide deployment. Air Force personnel attended to th...
Far-right Alternative for Germany party wins big in regional election but falls short of majorityThe far-right Alternative for Germany party achieved a significant victory in a regional election. This win secured them a strong presence ...
Board exam answer sheets: CIC tells CBSE to charge as per RTI Rules, amend circularThe Central Information Commission ordered CBSE to charge RTI photocopying fees strictly as prescribed. It also directed the board to amend...
Prince Harry's UK return has reopened an old fight over taxpayer-funded securityPrince Harry's return to Britain has reignited debate about whether taxpayers should foot the bill to protect him and his family, with expe...
ISRO staff raises concerns over private sector transition in India's space program; seek 'written reply'ISRO employee groups have formally voiced concerns about the privatization of India's space sector. They seek clarification on the governme...
Trump calls Iran conflict 'small potatoes' and defends Vance's position that it's not a 'war'US Iran war: American President Donald Trump defended Vice President JD Vance's remarks about the Iran conflict. Trump stated the ongoing m...
Woman retired at 64 with $380,000 in her 401(k). Nine years later, her first RMD faced a 22% tax rateDuring the gap years, retirees often overlook essential tax planning opportunities. This crucial time allows them to manage their taxable i...
Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
F&O tax rules: How derivatives traders should report profits, losses and expensesOne of the biggest misconceptions among retail traders is that profits from F&O are taxed like stock market gains. That is not the case. Un...
India working on FDI clarifications for foreign money from its land-border neighboursIndia is clarifying foreign direct investment rules for bordering nations. These clarifications will guide investors from countries sharing...
UK settlement rules: Indians top ILR and citizenship grants as tighter norms loomIndian nationals topped UK settlement and citizenship applications last year. Proposed rules will double the residency period required for ...
Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law saysSeverance pay received under a voluntary retirement scheme is not always taxable for all employees; Know why and what the tax law says
Deloitte to pay $21.5 million to settle US government probe over DEIThe U.S. Department of Justice has concluded an investigation into Deloitte's diversity and inclusion efforts, leading to a $21.5 million s...
FBAR 2026: Have more than $10,000 in foreign accounts? This overlooked U.S. filing rule could cost you thousands if you miss Form 114A foreign bank account can create a major U.S. tax filing duty. The FBAR, or FinCEN Form 114, applies when qualifying foreign accounts exce...
Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...
IRS final notice of Intent to Levy: What 30 days means before the IRS can seize money or propertyThe IRS Final Notice of Intent to Levy is a serious warning. It can come before the IRS takes money or property to collect an unpaid tax de...
Freelancers filing ITR? Don't get these 5 things wrong: Form, expenses, 44ADA, foreign income, and moreFreelancers preparing for AY 2026-27 have a new ITR submission deadline, offering relief to many. Understanding tax audit requirements is e...
8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respondEmployees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically ...
ITR filing 2026: How freelancers and F&O traders should declare their incomeEarning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...