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INSANE: Tax return - The Real Truth

Selling Your Home After Retirement? These 5 Tax Questions Could Save You From Surprises

Selling a longtime home can put a remarkable amount of money into your bank account, but the IRS may want to discuss the details. Retirement adds another wrinkle: a home sale can affect more than your tax return, depending on your income, Medicare coverage, and plans for the proceeds.

The Free Financial Advisor · 13h ago

UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should do

In the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income under UK law. Those who face expenses while at temporary jobs can benefit from tax relief, subject to defined limits. It's crucial to report accurately to prevent…

The Economic Times · Oct 24

Bought, Sold or Swapped Crypto in 2026? The IRS Will Ask About It on Your Tax Return

Buying cryptocurrency does not automatically create a tax bill, but selling Bitcoin, swapping Ethereum for another token, or spending crypto can trigger one. The IRS also asks taxpayers about digital asset activity directly on the federal income tax return, so a few trades on a phone app can create paperwork…

The Free Financial Advisor · Oct 15

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IRS Free File Is Still Available for Many Extension Filers Before the October 15 Deadline

If you requested extra time to file your 2025 federal income tax return, the clock is running out, but you may not need to spend...

Saving Advice · Oct 8

Michigan woman accused of hiding $1.66 million after reporting $39,960

A Michigan woman pleaded guilty after prosecutors said she failed to report more than $1.6 million in income from 2021 to 2024, including cash embezzled from her employer and gambling proceeds. The understatement caused a $535,605 tax loss, which she agreed to repay. She also agreed to repay $1.75 million…

The Times of India · Oct 7

These 7 Income Moves Could Raise Your Medicare Premiums Two Years From Now

A profitable financial move in 2026 can produce an awkward little sequel in 2028: a higher Medicare bill.

The Free Financial Advisor · Oct 7

Canada Groceries and Essentials Benefit Payments Hit Accounts as CRA Enforces Strict Rules on Who Qualifies

Eligible low- and modest-income Canadians received the latest Canada Groceries and Essentials Benefit (CGEB) instalment on 5 October 2026.

International Business Times UK · Oct 6

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The IRS October 15 Deadline Is Getting Close: 7 Things Extension Filers Should Do Now

The IRS October 15 deadline for 2025 federal tax returns is getting close. For taxpayers who requested an extension, this is the point where waiting can turn a manageable filing into a frantic scramble.

The Free Financial Advisor · Sep 30

Man paid lower income tax by setting off business loss against long term capital gains but received income tax notice; wins case in ITAT Delhi

Man pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. ITAT Delhi held that since the law does not prescribe any sequence of set-off a taxpayer may choose his own sequence.

The Economic Times · Sep 29

Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these dates

The Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit now have until November 21, 2026 to file their returns. Additionally, the tax audit deadline has been shifted to October 21, 2026, providing more time for compliance. Chartered Accountants…

The Economic Times · Sep 28

Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reason

When Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs 7.65 lakh income, this raised many red flags within the income tax systems. He wins case in ITAT Delhi.

The Economic Times · Sep 28

IRS Opens 2027 Corporate Tax Compliance Program — Applications Due October 30

Large corporations interested in resolving federal tax issues with the IRS before filing their returns have a limited window to apply for a program designed to do exactly that. The Internal Revenue Service announced on September 8 that it is accepting applications for the 2027 Compliance Assurance Process, commonly known…

The Free Financial Advisor · Sep 9

OnlyFans star, who made $5.4M, jailed in Florida over false tax return

Natalie Monroe, real name Kylie Leia Perez, had more than 2.8 million followers across various platforms

The Independent UK · Sep 8

IRS Urges Taxpayers to Get an IP PIN to Help Stop Tax Identity Theft

The IRS is urging taxpayers to take several steps now to make it harder for identity thieves to use stolen personal information to file fraudulent...

Saving Advice · Sep 8

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Times Life · Sep 6

How Salaried Indians Can File Their ITR Without a Last-Week Panic Over Documents and Deductions

Start With Form 16, Everything Else Follows From ItForm 16 is the one document your employer is legally required to give you by June 15 each year, and it does most of the heavy lifting for a salaried ITR. Part A of Form 16 shows the TDS your employer deducted…

The Economic Times · Sep 4

REITs and InvITs: Despite tax-free dividends, non-resident investors may need to file ITR to claim a refund of TDS

The Taxation and Other Laws (Amendment) Act, 2026 addresses existing dividend tax discrepancies for unitholders by granting unconditional exemptions. Despite this, the established withholding tax regulations for BTs have not been modified, leading to possible inconsistencies. Non-resident investors may need to submit tax returns to retrieve withheld taxes, highlighting the…

The Economic Times · Sep 1

Missed August 31 ITR deadline? Know what ITR 3 and ITR 4 filers can do now

ITR deadline: By the end of August 31, 2026, over 7.8 crore individuals completed their income tax return submissions. Those who did not file on time have until December 31, 2026, to submit a belated ITR, incurring possible late fees. Notably, failing to meet this deadline also prevents taxpayers from…

The Economic Times · Aug 31

ITR filing August 31, 2026, deadline today: Due date for AY 2026-27; Check who must file return

ITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3 and ITR-4 forms. More than seven crore income tax returns have already been filed. Individuals and HUFs with presumptive business income use ITR-4. Partners of non-audit firms also have…

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The Economic Times · Aug 29

Who needs to file ITR by August 31, 2026 for AY 2026-2027? Check what happens if ITR filing deadline is missed

ITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2026. This due date was extended from July 31st to August 31st pursuant to an amendment in the Finance Act, 2026 in Budget 2026.

Kiplinger · Aug 28

Ask the Tax Editor, August 28: Are More Tax Changes Coming From Congress?

Joy Taylor answers questions from readers on on various tax proposals in Congress that taxpayers and preparers should keep an eye on this year and next.

The Economic Times · Aug 25

August 31 ITR filing deadline: ITR-3 or ITR-4? Which form you should choose while filing your income tax return

Taxpayers engaged in business activities must submit either ITR-3 or ITR-4 by the deadline of August 31, 2026. While ITR-4 simplifies the process through presumptive taxation, ITR-3 demands a more detailed presentation of accounts.

The Economic Times · Aug 22

Can the IRS EITC 2026 really deliver up to $8,231? Check these income and child rules before filing Form 1040

The IRS EITC 2026 can put up to $8,231 back into the hands of eligible workers. But it is not a payment for everyone. Your earned income, filing status and qualifying children determine the amount. The Earned Income Tax Credit is refundable. So, even workers with little or no federal…

The Economic Times · Aug 20

8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respond

Employees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically point out discrepancies requiring immediate attention from the taxpayer. It is essential to understand the context of each notice to ensure proper compliance and effective dispute resolution. The Income…

Budget and the Bees · Aug 19

Asked to Be an Executor? 8 Things Women Should Know Before Saying Yes

Being named executor in someone’s will can feel like an honor, but saying yes may mean accepting months of paperwork, financial decisions and responsibility during an already emotional time. An executor doesn’t simply read the will and hand out inheritances: the job can involve locating property, dealing with creditors, protecting…

Saving Advice · Aug 8

One High-Income Year Could Raise Your Medicare Premiums Later

A particularly profitable year in retirement can come with a delayed expense that catches some Medicare beneficiaries by surprise. Selling investments, realizing a large capital...

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