Each year, millions of U.S. taxpayers submit corrections to their federal tax returns through the Form 1040-X, often to amend reported income, adjust deductions, or fix filing errors. With the 2025 ...

Schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign ...

Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing ...

The Federal Board of Revenue (FBR) has issued draft of the electronic income tax return form for individuals and companies.

This has brought relief to crores of taxpayers who were not able to file their returns properly till now, especially those ...

Filing your Income Tax Return (ITR) using the wrong form can lead to your return being marked as defective by the Income Tax Department. To avoid unnecessary delays or rejections, it is important to ...

The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that ...

With multiple ITR forms notified by the Income Tax Department, it could be confusing for many, especially for senior citizens, to choose the right form. It’s important to choose the right ITR form to ...

He said that while filing the Income Tax Return (ITR) utmost care should be followed. If there is a difference of Rs 50 lakh ...

Using the IRS tool can help, but it won’t answer all your questions. It's best to work with a lawyer in the end.

The IRS deadline to file Form 2290 for the 2025–2026 tax year is September 2, 2025. Failure to file on or before the deadline may result in significant penalties, interest charges, and potential ...