The decision sets a precedent for businesses that declare zero income while actively operating, yet fail to produce proper ...

The case involved a penalty for alleged non-disclosure of a foreign bank account. The Tribunal held that ambiguity regarding linked currency accounts required fresh verification before sustaining the ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

Despite the change, taxpayers will still only need to pay tax once or twice a year, in line with current arrangements ...