NEW DELHI, Aug 30 (Reuters) - India's government on Monday introduced a bill in parliament to overhaul its archaic direct tax laws, a key reform aimed at simplifying procedures for investors and bring ...

It would be difficult to imagine a case with more potential to disrupt the Tax Code than Moore v. U.S. Currently before the Supreme Court — oral arguments are set for today, Dec. 5 — Moore involves ...

The IRS will test a free tax filing service in 2024 for a subset of lucky taxpayers in as many as 13 states, the agency announced today. Direct File, as the service is called, is a shot across the ...

Direct taxes: The upcoming Union Budget 2025-26 in India is expected to bring about a new era of tax simplification, with the Finance Ministry focusing on comprehensive reforms to streamline the ...

North Carolina was one of 25 states to participate in Direct File, an electronic filing system through which people could submit their federal and state tax returns to the IRS. It was piloted in 2024 ...

Changes in the tax code finalized Tuesday are among the most significant provisions for clean energy in the Inflation Reduction Act. The Biden administration finalized tax rules Tuesday to give ...

Lawmakers should push against efforts to lift the SALT cap, and they should keep an eye toward bringing additional transparency to the tax system. Children love playing “hide-and-seek.” As it turns ...

The Internal Revenue Service has released to the public the vast majority of the code used to develop its Direct File program, theoretically allowing anyone to build their own versions of the software ...

The government has formed a task force to draft a new direct tax legislation. The task force will submit its report in six months. The members of the panel are Arbind Modi, Girish Ahuja, Rajiv Memani, ...

The Inflation Reduction Act of 2022 added Section 6417 to the Internal Revenue Code of 1986, as amended (the “Code”). Under this new section, certain taxpayers may elect to receive a direct payment in ...