With just days left before the March 31 deadline, now is the time to review your tax obligations and make necessary ...

Senior citizen with pension, rental and interest income seeks clarification on tax implications of gifting property to ...

The purpose of the constructive receipt rule is to ensure that taxpayers pay income tax and can't delay or avoid those taxes by not taking possession of income. An individual is considered to be ...

This rule allows homeowners to rent out their primary residence for up to 14 days per year without having to report the rental income on their federal tax return. Originally designed to ...

It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...