A sign of Europe’s troubled times? Lithuania brings in tax reforms to boost defence spending

Lithuania is entering 2026 with a tax shift that brings its system closer to countries like Ireland and the UK. From January ...

IRS Can Assess Tax Even Without a Filed 1099 - Clear Start Tax Explains How Income Gets Estimated

Tax professionals warn that missing or incorrect 1099 forms do not prevent the IRS from calculating income and issuing tax bills. IRVINE, CA / ACCESS Newswire / January 5, 2026 / Many taxpayers assume ...
Tax Guru

Mutual Fund Dividend Fully Exempt Because Section 115BBDA Doesn’t Apply

The issue was whether mutual fund dividend could be taxed as share dividend due to return-form limitations. The Tribunal held that section 115BBDA applies only to dividends from domestic companies, ...
Tax Guru

Penalty Quashed for Mismatch Between Notice and Final Charge

The issue was whether penalty could be sustained when the notice alleged under-reporting but the order punished misreporting. The Tribunal held such variance impermissible, rendering the penalty ...
Moneymade on MSN

I trusted my cousin to do my taxes. Now the CRA says I committed fraud. How do I fix this mess?

Many taxpayers rely on relatives to prepare their returns because it feels practical. A family member may have accounting ...