In what could become the single largest new revenue source in the budget, the government is considering imposing a 1.5% withholding tax on the value of imports. The tax would be collected by banks at ...

At $3,000 and never adjusted for inflation during nearly a century, the Sec. 861(a)(3) de minimis exception seldom applies.

Examining a personal financial planning scenario can help students develop the application and analysis skills necessary to ...

Payroll income tax withholding is figured based on expected annual earnings. Employers use different pay period lengths, resulting in different numbers of paydays. Thus, a monthly pay schedule has ...

This disparity shows up in your company's financial statements as a difference between "income tax expense" and "income tax payable." The rules for financial accounting and those for tax ...

Withholding tax is imposed on all payments made from a source in the Kingdom to non-resident entities that do not have a permanent establishment in Saudi Arabia, in accordance with the rates specified ...

Start by gathering all your tax documents: W-2s, 1099s, and any statements related to income, deductions, or credits. If you think you won’t make the April 15 deadline, file for an automatic ...

Don Beyer, a Democrat from Virginia who serves on the House Ways and Means Committee, in a statement ... There's no plan to eliminate taxes on Social Security income, as Mr. Trump promised ...

How much are you going to charge? Pricing Making Tax Digital for income tax services is one of the most fraught decisions facing accountants and bookkeepers. But before setting your fees, you should ...

Taxpayers can now submit their tax returns for the recently ended financial year using newly released forms by the Central Board of Direct Taxes. The Income Tax Department recently made available ...