For U.S. taxpayers who requested an extension to file their federal taxes, staying alert to deadlines is crucial to avoid penalties and potential liens. Every year, individuals can request extra time ...

Form 5498 documents individual retirement account (IRA) contributions, rollovers and distributions. You don’t need to fill it out or send it to the IRS — just keep it for your records. Many, or all, ...

For most salaried employees, tax time comes in April. But freelancers, small business owners and anyone else earning at least $1,000 in income that hasn't been subject to federal withholdings may have ...

A W-9 is an IRS form that independent contractors fill out to give businesses their tax ID number and personal information. Many, or all, of the products featured on this page are from our advertising ...

Benjamin Franklin coined the saying, “In this world, nothing is certain but death and taxes.” But what about when death and taxes coincide, such as when someone dies during the year and has a tax ...

After five years of delays and disruptions — first due to the COVID-19 pandemic and later over disputes around methodology and funding — post-pandemic societal changes now appear to be the biggest ...

NEW DELHI, August 19 - Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday goods and small cars from October, in a move seen as ...

WASHINGTON (AP) — The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional ...

The government's announcement of next-generation GST reforms marks a significant step toward simplifying India's indirect tax regime. A key proposal under consideration is the reduction of GST on ...

Individuals who sell secondhand items online are at risk of being investigated and fined by HMRC, a tax expert has warned. Under new rules implemented earlier this year, online selling platforms are ...

Rachel Reeves is spending the summer grappling with the various options at her disposal to fill a £50bn hole in the public finances. The chancellor will be presented in the coming weeks with a range ...