American International Group, the insurance giant saved by a massive federal bailout, wants some tax money back — from 1991. AIG is suing the Internal Revenue Service (IRS) in Federal Claims Court in Washington, D.C. for $30.2 million. It says …
Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group. The ruling turns a …
The Internal Revenue Service is offering a break to employers who come clean about wrongly classifying workers as independent contractors to avoid paying federal payroll taxes, the agency announced this week. What happens when workers are considered independent contractors? Employers …
American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former law professor, as deputy tax director. In this role, Potter will be responsible for AIG’s global tax planning, including continued …
In an 87-12 vote, the Senate has passed a repeal of the new IRS 1099 tax reporting provision contained in the major federal healthcare reform law. The bill — H.R.4, the Small Business Paperwork Mandate Elimination Act of 2011 — …
The U.S. House of Representatives voted Thursday to rescind an unpopular business tax reporting requirement in the year-old healthcare law, but the measure could be delayed by a dispute with Senate Democrats over how to pay for it. The House …
The House Ways and Means Committee has advanced a bill to repeal a tax reporting provision included in last year’s healthcare reform law. The Senate has already voted to repeal the 1099 form tax provision that would require businesses to …
The U.S. Senate Wednesday voted overwhelmingly to rescind a measure in last year’s healthcare law that expands business transaction reporting requirements to the Internal Revenue Service. Bowing to pressure from small business groups who say the new reporting requirements will …
