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IRS announces tax-free payments for thousands
Newsweek· 2 days agoThousands of Americans do not have to pay tax on the payments they were given for the fallout of last year's catastrophic train derailment in East...
IRS Extends Tax Relief for Storm, Tornado Victims in Kentucky
Bloomberg Law· 3 hours agoThe IRS announced tax relief for individuals and businesses in parts of Kentucky affected by severe storms, straight-line winds, tornadoes, landslides and ...
East Palestine residents won’t have to pay taxes on some Norfolk Southern payments, IRS says
The Cleveland Plain Dealer· 2 days agoEast Palestine residents won’t pay taxes on most of the payments they received from Norfolk Southern...
IRS extends tax deadlines for Collin, Denton county residents
Community Impact· 1 day agoTaxpayers within select counties will now have until Nov. 1 to file federal individual or business ...
IRS: Many train derailment payments are tax-free
WKBN 27 Youngstown· 2 days agoOhio Senator Sherrod Brown announced Wednesday that most reimbursements that Ohioans received from Norfolk Southern related to the East Palestine train...
Halliburton Seeks $11 Million Tax Break For 2010 Nigeria Payment
Bloomberg Law· 8 hours agoThe company sued Thursday in the US District Court for the Southern District of Texas, challenging the IRS’s denial of an $11.4 million refund claim stemming from a
IRS's Tax Payment Platform Will Soon be Free, Available to 50 States
iTech Post· 7 days agoThe Internal Revenue Service's free tax payment platform, Direct File, will soon be available to all...
No, stimulus checks are not coming from the IRS or California in 2024. Don't fall for false rumors
Fast Company Magazine· 3 days agoEvery few months since the last stimulus checks were distributed by the IRS, online rumors have...
Weekly IRS Roundup May 27 – May 31, 2024
The National Law Review· 1 day agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 27, 2024 – May 31, 2024. May 28...
Supreme Court Confirms Life Insurance Proceeds Received by Corporation Increase Estate Tax Value of...
JD Supra· 16 hours agoUnited States creates a significant change for closely held businesses planning to utilize life insurance proceeds to fund buy-sell agreements. The Connelly Court concluded that the valuation ...
