Some taxpayers who filed "bare trust" forms to the Canada Revenue Agency last year may have done so needlessly as the federal government examines further changes to the reporting requirements — ...

Some taxpayers who filed "bare trust" forms to the Canada Revenue Agency last year may have done so needlessly as the federal government examines further changes to the reporting requirements — ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The Federal Board of Revenue (FBR) on Friday announced the removal of the "Estimated Fair Market Value" column from income tax return forms for 2025, following the approval of Prime Minister Shehbaz ...

ISLAMABAD: In a dramatic U-turn, the government on Friday scrapped the asset valuation column from the tax return form for 2025 — just a day after issuing a strongly worded clarification — bowing to ...

The deadline for filing income tax audit reports is October 31, 2025, for eligible taxpayers, who must use forms 3CA, 3CD, and 3CB. Late submissions may incur penalties. Recent amendments to Form 3CD, ...

Industrialist bodies have expressed deep concern over recent amendments introduced by the Federal Board of Revenue (FBR) in income tax return and wealth statement forms, calling the move unjust, ...

The Federal Board of Revenue (FBR) on Friday announced the removal of the “Estimated Fair Market Value” column from income tax return forms for 2025, following the approval of Prime Minister Shehbaz ...

The All India Federation of Tax Practitioners (AIFTP) has called on the Central Board of Direct Taxes (CBDT) to extend the due dates for filing income tax returns (ITRs) and tax audit reports for the ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...