The Inland Revenue Department (IRD) has issued a reminder to taxpayers regarding the upcoming deadlines for income tax returns and related tax payments for the 2024/2025 assessment year. ..

The Department of Inland Revenue has issued a notice regarding the submission of Income Tax Returns for the assessment year ...

CPAs MUST EXERCISE CAUTION TO CAPTURE CORRECT income in respect of the decedent (IRD) deductions on clients’ returns. Since clients typically don’t understand the issue well enough to volunteer the ...

Most tax preparers likely have heard of an IRD deduction. But since it’s less frequently claimed than many other types of deductions, many practitioners still have some questions about when and how it ...