Month: August 2009

IRS Penalties on Individuals

August 31, 2009

IRS Penalties and Individuals By Nancy Faussett, CPA, Publication date: 03/27/2009 There are more than 150 civil penalties in the IRS Code. While the [...]

Watchdog Growls At IRS' Audits By Mail

August 21, 2009

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Taxpayers suffer when IRS mishandles their responses. A new report from the Treasury Inspector General for Tax Administration lends support to growing [...]

UBS Tax Fraud Probe Reaches 150 Americans, U.S. Says (Update3)

August 19, 2009

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By David Voreacos and Carlyn Kolker Aug. 18 (Bloomberg) -- More than 150 UBS AG clients in the U.S. are under investigation for concealing income and assets [...]

Indian Tax return – Track the Status of ITRV

August 18, 2009

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Income tax deprt has now added a link in e filing site by name "e filing processing status" under My Account Menu.To know your e filing Processing status.To [...]

Indian Tax Returns – e-Filing for AY 09-10: Quick Statistics (as on 31st July 2009)

August 18, 2009

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Data shows that the numbers are on the rise. Days are not far when e-filing will be mandatory in India. HIGHLIGHTS OF e- FILING SEASON AY [...]

Time limit for filing ITR-V extended to 60 days!

August 14, 2009

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Aug 14, 2009 Income Tax The Central Board of Direct Taxes had, vide circular No.3/2009 dated 21.05.2009, allowed assessees who file their income tax returns in [...]