The issue was whether retention money credited and subjected to TDS accrues as income. SC, noting the HC ruling and IBC closure, left intact the principle that retention money is taxable only when ...

“I love this town,” said Councilor Jason Overly before casting his vote Dec. 16. “Do I want to see this data center come in?

A Somali lawmaker described to the Daily Caller how his government functions as a “fraud pipeline,” siphoning U.S. tax dollars from foreign aid, health care and day care into one of the poorest and ...

Tucked away in southern New Hampshire’s Monadnock Region, Peterborough stands as a testament to the restorative power of ...

The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.

Recent letters sent by the Nebraska Tax Equalization and Review Commission have confused some of the 232 taxpayers involved in a fight over whether their acreages should be granted special “greenbelt” ...

You can apply for First Time Abate relief by calling the IRS, sending a written statement or filing Form 843, Claim for Refund and Request for Abatement. If your penalty is removed, the IRS also ...

The IRS provides two sample notices that plan administrators may use: one for eligible rollover distributions from designated ...

Allegan County is warning residents of fake letters ahead of tax season.

Allegan County Clerk and Register of Deeds Bob Genetski is warning residents to be cautious of letters claiming a federal tax lien has been placed in their name.