New tax laws under Trump could let millions of Americans pay $0 in federal income tax — here’s who can eliminate their 2025 bill completely

Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1) ...
JD Supra

IRS Changes Course on Income Tax Impact of Employee Retention Credit

Taxpayers who receive an ERC after (or near) the expiration of the statute of limitations for the year to which the ERC relates should consult with their tax professional about whether to include the ...
JD Supra

Finally Received the Employee Retention Credit? Now What? A Guide to ERC Income Tax Consequences

It appears that the flood gates have opened and that the IRS is finally processing and paying claims for the employee retention credit (ERC) en masse. After waiting a very long time (often years) with ...
CU Boulder News & Events

Tax preparation software available to nonresident international employees and students for free with Sprintax Returns

As the new year begins, CU faculty, staff and students will begin receiving critical documents needed to file their annual income tax returns. For certain international employees and students, this ...

Income Tax department imposes Rs 2.2 lakh penalty on retired government employee for gratuity tax exemption claim - here's how she won case in ITAT

A retired government employee successfully appealed a penalty after mistakenly claiming an excess gratuity tax exemption. The ...