Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not ...

The IRS instructions for Form 1040 typically include a table to help you calculate the standard deduction available to you based on when you (and your spouse, if applicable) were born and whether ...

Thousands of workers are set to be out of a job at the IRS with just under two months left in the tax filing season. Thomas is a native of upstate New York and a graduate of the University at Albany.

Yet the private sector leaders advising President Trump on ways to increase government efficiency are deploying this exact approach by targeting the Internal Revenue Service, which collects ...

(NEXSTAR) – With the IRS laying off thousands of employees Thursday, many Americans may be wondering if their tax returns — or their refunds — will be affected. A government official who ...