Settlements in the employment law context can set up thorny tax issues for employers. In this alert, we will discuss two key issues companies ...

Impacted individuals received a settlement notice by email or mail. Individual payments are estimated to be between ...

IRS Form 1099-K could be in your future if you sold items via online marketplaces like eBay and Venmo. Here’s what you need ...

ITAT acknowledged the completion of necessary formalities under the scheme and dismissed the appeals accordingly. The order was pronounced in open court on 3rd December 2024, marking the conclusion of ...

Taxpayers whose tax returns the IRS examines may experience long administrative delays in working with the IRS to resolve unagreed issues.

On January 23, 2025, the New York Department of Financial Services (DFS) announced that it reached a $2,000,000 settlement as part of a ...

Amounts forgiven through debt settlement may be taxed as income by ... Insolvency is reported on IRS Form 982. If your insolvency is greater than the amount of debt forgiveness, you won't have ...

Many settlement companies offer other tax ... Some charge a flat fee, while others have hourly or monthly rates. Tax relief companies are a form of debt relief companies and come with the same ...

Among those, the most uncomplicated and successful financial tool one can have in securing the future of his dearest family members is term insurance. A selected term insurance will act as a safety ...

Taxes on Debt Settlement: How Much Will You Owe ... Insolvency is reported on IRS Form 982. If your insolvency is greater than the amount of debt forgiveness, you won't have to list the income ...