The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

The North American Industry Classification System, already in use for other tax purposes, replaces a specified manual that ...

I’m an imperfect person. I don’t know everything. I will never know everything. Therefore, I should approach the world with ...

Forget the hacks and social media shortcuts. A former IRS insider explains the real traps that could trip up taxpayers this filing season—and how to avoid them.

The Payment on Account system can lead to overpayment by charging tax in advance based on last year’s income, it has been ...

Thousands of workers up and down the UK are thought to be on the wrong tax code, meaning they’re not getting the right amount ...

In most instances, the phrase "tax conformity" would be more likely to lead to eyes glazing over than thoughts of a bitter ...

Almost six million workers could be owed a refund by HMRC after overpaying tax, new research suggests. And it’s entirely your ...

Around 31% of adults have paid the incorrect amount of tax at some point - with the average overpayment worth £689, according ...

More than 5.6 million people overpaid tax in the 2023/24 financial year, new figures from HMRC reveal. In total, taxpayers ...