Social Media Ideas for Fbr One Page Tax Return

FBR Fixed Tax Scheme for Small Traders Announced: Who Can Apply and What It Offers

The FBR Fixed Tax Scheme for Small Traders has officially been introduced, offering a simplified tax system for eligible businesses across Pakistan. The Federal Board of Revenue (F...

FBR, KTBA discuss income tax return design, taxpayer experience

FBR Launches New Income Tax Return Filing Support Service for Tax Year 2026

The Federal Board of Revenue (FBR) has introduced a new income tax return filing support service to help taxpayers resolve technical issues while submitting their Income Tax Return...

FBR, ICAP jointly organize a seminar on income tax return filing

IT Department Introduces Form 1 for Reporting Undisclosed Foreign Assets Under FAST-DS 2026

Taxpayers who wish to declare undisclosed foreign assets or foreign-sourced income under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026) can file Form...

Government Plans to Simplify Salaried Class Tax Returns and Onboard Small Traders

Finance Minister Muhammad Aurangzeb, State Minister for Finance Bilal Azhar Kayani, and FBR Chairman Rashid Mahmood Langrial led a press conference at the Federal Board of Revenue...

Proposed Regulations Offer Relieving Exception from Form 1041-A Filing for Trusts with Passthrough Charitable Deductions

Proposed Removal of a Reporting Requirement for Trusts Whose Charitable Contribution Deductions are Solely for Contributions Made by Passthrough Entities, REG-109082-25, 91 Fed...

The Zero-Return Partnership Filing: Applying the Beard Test to Form 1065 Validity

Internal Revenue Service, Chief Counsel Email No. 202634014, CCA_2026030612260600, UILC 9999.00-00 (Mar. 6, 2026) (released Aug. 21, 2026) I. Introduction On August 21, 2026, the I...

The simple and complex of I-T: ITR-1 got easier, ITR-2 got harder

Three years of quiet redesign have redrawn who does what on India’s two most-used tax forms — and where the complexity now sits

ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know

ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know   CBDT’s new form puts the entire block-period tax history on the assessee’s table Search procee...

Taxpayers can now access IRS compliance report online

A new IRS Individual Online Account feature lets taxpayers download a digitally authenticated compliance report for use when applying for jobs, loans, government benefits, and othe...

HMRC dual taxation form - problem with French tax office

You can list them on a single FFI (I know this cos it’s what I did and got NT codes for each)

IRS unveils Tax Compliance Report for taxpayers

The digitally authenticated report can be used when applying for a job, loan, government benefit or another service requiring tax compliance information.

IRS Form 1065: A Guide for Partnership Owners

Updated for tax year 2025 Filing taxes can be complex, especially for partnership business owners who need to file IRS […] The post IRS Form 1065: A Guide for Partnership Owners ap...

Transitioning Foreign Tax Allocations and Implementing the Ten Percent Credit Disallowance Under Section 960(d)(4)

Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance, REG-115145-25, July 31, 2026 The Department of the Treasury...

Moving Your 401(k)? New IRS Forms Could Make Rollovers Easier

The optional forms aim to standardize direct rollovers, encourage electronic transfers, and take some of the paperwork out of moving retirement savings.

ITR-BN: The New Return Form for Block Assessments

ITR-BN: The New Return Form for Block Assessments     What CBDT has done: On 24 July 2026, CBDT has notified the Income-tax (Third Amendment) Rules, 2026 (Notification 97/2026), in...

FBR achieves Rs1.71tr tax target

Collection rises 3.3% in Jul-Aug; 17.4% growth required to meet annual goal

A Retired Couple Can Pull About $47,500 From Their IRAs This Year and Pay $0 Federal Tax. Most Leave the Free Space Unus...

IRS kills First Time Abate, replaced by Automatic Exemption

This is not a minor procedural tweak. It changes how penalty relief gets delivered to millions of taxpayers, and what we owe our clients as their advisors.

Foreign assets disclosure scheme: Who is eligible, what it means for small taxpayers & tax payable

The Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026, is a one-time disclosure mechanism for eligible taxpayers who have either failed to report certain foreign...

Mandatory Electronic Filing and Standardization of Employee Plans Letter Rulings: An Analysis of Revenue Procedure 2026-...

Rev. Proc. 2026-30, August 5, 2026. On September 4, 2026, a significant shift in tax administration takes effect for practitioners representing qualified retirement plans and...

Pro Rata Share Determinations Under the One, Big, Beautiful Bill Act: Analysis of the Proposed Regulations

Pro Rata Share of Subpart F Income, Tested Income, or Tested Loss, REG-115646-25, 91 Fed. Reg. _____ (proposed Aug. 26, 2026) The Department of the Treasury and the Internal R...

Small Business Extended Tax Return Deadlines and FAQs Explained

Updated for tax year 2025 If you’re a small business owner who filed a tax extension earlier this year, it’s […] The post Small Business Extended Tax Return Deadlines and FAQs Expl...