A performance bonus is treated as part of your salary income and is taxed at your applicable slab rate. There is no separate ...

An Offer in Compromise allows some taxpayers to settle IRS tax debt for less than they owe. Learn how it works, who qualifies ...

The issue was whether gross receipts should be treated as inclusive of service tax. The Tribunal held that where tax is not separately collected, cum-tax benefit must be granted. The matter was ...

The Tribunal held that margins earned from buying and selling cargo space are trading profits, not consideration for services. Such transactions on a principal-to-principal basis are not liable to ...

Yes. According to the U.S. Postal Service, the IRS considers a tax return to be filed “on time” if the envelope is addressed to the right place, has the proper postage and is postmarked by April 15 — ...

This year's tax filing deadline is Wednesday. Taxpayers who have yet to file should be aware of new tax breaks and the ...