(The Center Square) – Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate proposal from North Carolina Republican Thom ...

The Bombay High Court set aside an Income Tax order against the late Nitin Desai's company, citing lack of Central Board of Direct Taxes (CBDT) approval, and directed a fresh review within three ...

In some cases, you might be able to use a capital loss to reduce your income for your tax return, if you are reporting capital gains in the same year. Speaking of tax, a capital gains tax is the ...

U.S. farmers and ranchers have access to $10 billion in economic aid as part of the farm bill extension passed at the end of 2024 to offset broad income declines ... won’t be enough to reverse deep ...

Dow Jones, Nasdaq, S&P 500 weekly preview: How far can this rally go? By Investing.com - Feb 26, 2024 5 Investing.com -- The S&P 500 closed last week at a new record high of 5,088, propelled by ...

Why are politicians and the public not crying over these job losses? Because journalists–the good ones–hold the powerful to account. Politicians, corporations, the wealthy. The powerful ...

Disregarded entities (single-member LLCs) need Form 1040 to report annual income and Schedule C to report profit and loss information. When filing taxes, you should check the IRS website for any ...