A proposed settlement would allow FTX, formerly one of the largest crypto trading exchanges in the world, to whittle down its tax claim with the IRS to just $885 million.
Tax settlement firms claim they can reduce or even eliminate the amount you owe to the IRS. Find out the facts behind this alluring fiction.
He originally sought $1,000 in damages for each unauthorized disclosure of his tax return information and demanded that the IRS adopt a data security plan. But during settlement discussions...
The settlement “provides much needed certainty as to the magnitude of the IRS Claims and allows these Chapter 11 Cases to move to swiftly toward resolution, thereby enabling the prompt...
Tax law generally allows businesses to create "captive" insurance companies to protect... future settlement initiatives. The IRS also plans to continue to open additional exams in this area...
Under the terms of a settlement signed by the attorneys... the IRS, sort of, and finally got someone to answer the phone... "This agreement should serve as a reminder to companies large and...
FTX has reached a tentative settlement with the IRS to resolve a $24 billion tax claim for a significantly lower amount, clearing a major hurdle in its bankruptcy proceedings
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Information about electronic filing of Form 1099-K can be found on the web at www.irs.gov. What are payee statements and when are they due? Payment settlement entities must furnish a...
Story Highlights ; The bankrupt crypto exchange FTX reached a tentative agreement with the IRS to resolve a $24 billion tax claim. ; This reduces litigation risks and offers a clearer path for creditors and customers to recover funds. ; FTX's reorganization plan proposes full repayment for creditors with claims under $50,000.