IRD is income that would have been included in the deceased’s tax returns had they not passed away. If this income was not included in the final tax return, then it is considered IRD.

The Inland Revenue Department (IRD) has extended the deadline for senior citizens to apply for quarterly income tax refunds for the 2023/2024 assessment year. The new deadline is June 30, 2025, ...

The difference between these two tax liabilities ($720,000) represents the estate tax attributable to IRD. The recipient of the IRA distributions can take this amount as an itemized deduction on his ...

Income in respect of a decedent (IRD) is money owed to a person before they passed away (e.g., wages). The person or entity that inherits the income pays the taxes.

Inland Revenue warned on Saturday that electronic messages are circulating with the government domain @gov.cy purporting to be ... “During an audit on your tax return we were able to establish ...

The tax department expects to return an additional $4 for every dollar in the first year, and $8 in year two. IRD Commissioner Peter Mersi told Mike Hosking it's hard to estimate how much tax is ...