INSANE: Tax return - The Real Truth

Your Retirement Income Looks Modest — So Why Is Medicare Charging You More?

Retirement income can shrink, but Medicare has a way of looking backward before it adjusts your bill. A house sale, a large retirement account withdrawal, or a tax return from a better-paying year could push your Medicare premiums higher, even if your current budget looks decidedly less impressive.

The Free Financial Advisor · 5h ago

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 · Oct 27

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

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

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