The Latest Breaking News from Income Tax

The Centre for Policy Research has downsized its staff by 75 percent. Its faculty members — including fellows and senior fellows — have taken “massive pay cuts” ranging from 50 percent to full. The think tank had come under the income tax department’s tax scanner and faces a “serious financial…

The Heidners didn’t contest that they owe $5,083,274 in personal federal income taxes from 2021. They say it will all be paid off “by the end of August.”

Senator cites firm's history of avoiding federal income taxes despite huge profits; calls for minimum tax on corporate earnings.‌

There are some states that won’t take another tax bite out of your Powerball jackpot or Mega Millions winnings.

A new study says the order of names on a joint income tax return can provide insights about the people filing.

The freezing of the Personal Allowance at £12,570 could see more pensioners paying tax this year.

Finance experts warn many over retirement age face unexpected tax bill - and urge early action

The Madras High Court has refused to quash a criminal complaint lodged by the Income Tax department against DMK MP D.M. Kathir Anand before a Judicial Magistrate in Vellore in 2016 for having allegedly not filed his returns for the assessment year 2013-14 and the consequent charge of evasion of…

The freezing of the Personal Allowance at £12,570 could see more pensioners paying tax this year.

A freeze in the personal allowance at £12,570 is pushing more pensioners closer to the tax threshold.

California Governor Gavin Newsom for years had an enviable problem. His state was awash in cash.