Every year, countless Americans, especially Hispanics, face unexpected discrepancies in their Social Security statements.

Taxpayers should file a revised return to correctly report crypto income and disclose it under the relevant schedule. If the ...

High salary earners are receiving 'nudge' notices from the Income Tax Department. These notices prompt employees to correct errors like undeclared property income, crypto gains, and ESOPs. The ...

The Income Tax Department is sending bulk “NUDGE” notices to high-income taxpayers, urging them to review and correct discrepancies in their ITRs. The advisory campaign uses analytics to promote ...

A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a ...

NUDGE stands for Non-intrusive Usage of Data to Guide and Enable. This means it is not a raid or penalty notice. It is more ...

You can approach the issuer and ask the issuer to reissue it correctly. If the issuer of the Form 1099 has already sent it to the IRS, ask for a “corrected” Form 1099.

Foreign dividends are not eligible for the dividend tax credits — there are no favourable tax breaks. In fact, the tax treatment is identical to both U.S. dividends and Canadian interest income; the ...

The IRS warns tax refunds may be frozen for weeks due to invalid direct deposit details. New electronic payment rules are driving delays. Millions expect larger refunds in 2026. Staffing cuts add ...

Prosecutors trying the government’s case against high-profile US Supreme Court litigator Tom Goldstein are asking jurors to ...

We've recently took over the accounts from another accountant, who took over from another accountant, who took over from another accountant ...