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In the current situation, due to the arise of Covit-19, numerous individuals are purchasing Health Insurance approaches. Expenses paid on such arrangements are qualified for deduction u/s.80D of Income Tax Act, which is discussed in detail hereunder:- If there should be an occurrence of Individual:- (I) Deduction in regard of insurance charge paid for the […]

John McAfee, the antivirus software entrepreneur, has been charged with evading taxes after failing to report millions earned promoting cryptocurrencies, consulting work, speaking engagements and the sale of the rights to his life story for a documentary, US prosecutors have alleged. McAfee hid assets from the Internal Revenue Service, including real estate property, a vehicle […]

Kenya Revenue Authority (KRA) has introduced a mobile phone application dubbed KRA M-Service App that simplifies access to various KRA services. The new app enables taxpayers to access various services offered by the Authority such as taxpayer registration and verification, filing of returns and payment of tax. The system will widen taxpayer reach, increase revenue collection […]

The Department of Defense is taking steps to notify and educate service members and civilian employees of changes to their payroll tax withholding starting in September 2020.  In order to provide relief during the COVID-19 pandemic, a Presidential Memorandum was issued on August 8, 2020, followed by Internal Revenue Service guidance issued on August 28, […]

How to do Income Tax Count for FY 2020-21? Which Tax Structure to Choose U/s 115 BAC? According to Financial plan 2020, you can’t claim any tax deduction or exception on the off chance that you intend to pick new tax structure. Along these lines, as an individual tax payer on the off chance that you choose […]

I filed my tax back in March. I haven’t receive my federal refund yet and also the stimulus check.

You have bought an expensive new toy in expectation of your tax refund, and are now desperately waiting for the refund to arrive before the repo man and his large friend Vito come to visit. How can you find out the status of your refund at any time to estimate whether you need to make […]