IncomeTaxes News

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Tax Complexity By the Numbers

(April 12) -- Everyone knows paying taxes is complicated business, but getting a clear measure of just how complicated it's become in recent years is a little more difficult. Thankfully, the IRS has since 1988 attempted to calculate how long it will take the average taxpayer to fill out form 1040, and it prints the...

Opinion: A Tax Rebellion Is Brewing

(March 15) -- In one month, millions of Americans will be scrambling to file their federal income tax returns. Many will once again be reminded that no other public policy so reinforces a perception of self-dealing, unfairness and incompetence as the corrupted federal income tax code. Bloated beyond decipherability at...

Do the Rich Pay Their Fair Share of Taxes?

(Feb. 3) – The Obama administration says its proposed budget would repeal Bush-era tax cuts on wealthy families and offer tax cuts to working families, as part of its effort "to restore balance to the tax code." While the tax code certainly is out of balance, it's not in the way most people probably think. Today,...

IncomeTaxes News From the Web

12/08/11 How can you get income-tax challan corrected by bank Source: moneycontrol.com It is a common fact that a large number of tax payers of India while filling up the Income-tax Challan commit certain type of typographical mistakes at the time of filling up the said Challan.
08/10/11 Thurman: City's finances are on the rebound Source: ThisWeek Dublin's finances continue to recover after declining for the first time in 2009.
05/18/11 No consensus in debate over income-tax threshold Source: China Daily The public remains divided over the proper income-tax threshold after a proposed income-tax cut was publicized on April 25.
04/28/11 Raja refuses to disclose I-T details under RTI Source: The Times of India Former union telecom minister A Raja , who is in Tihar jail in the spectrum scam , has objected to the disclosure of his tax returns by the income-tax department under the Right To Information (RTI) Act. Acting on his objection, the department has rejected the RTI application filed by V Gopalakrishnan, an activist in KK Nagar.
04/10/11 IT deductions for fines paid to RTO can be claimed Source: The Economic Times - India Now you can claim income-tax deduction for fines paid to the RTO that are compensatory in nature.