Each year, millions of U.S. taxpayers submit corrections to their federal tax returns through the Form 1040-X, often to amend ...

TAXPAYERS have been warned not to lodge their tax returns too early. Last year 142,000 people who lodged in the first two ...

Taxpayers are being warned “if they can’t substantiate it, they can’t claim it” as the end of the financial year approaches.

AI is changing how Australians do their taxes, but experts warn it could backfire if overused. Convenience comes with risk, especially if you're ...

If your return has been selected for audit, it is essential that you understand your rights prior to any in-person review or meeting with the IRS agent.

The package made it to the Oregon House floor Monday but was returned to committee amid concerns from Republicans and even ...

The U.S. Senate last week confirmed the Trump Administration’s new IRS Commissioner, for U.S. Rep. Billy Long. Unfortunately ...

Tax evasion is the intentional act of avoiding paying taxes. It typically involves deliberately misreporting income, inflating deductions, concealing assets or failing to file tax returns.

Penalties of 25% to 75% of the tax owed may apply for falsely claiming deductions. The more dishonest the claim, the higher ...

or had their returns investigated and amended by the ATO to fix inaccuracies in their tax return, for example, income that had not been declared properly. ATO Assistant Commissioner Rob Thomson said ...

Republican leaders in the House are sprinting toward a vote on President Donald Trump’s tax and spending cuts package, ...