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At Close: Jun 03, 2026

Access Bank Settle N118.05 million Tax Rift with Gombe State IRS

02:28pm, Wednesday, 16'th Feb 2022 TechEconomy
Access Bank Plc., has settled rift with the Gombe State Internal Revenue Service (GIRS) over non-remittance of over N118.05 million Pay-As-You-Earn (PAYE). Recall that Gombe State IRS had in the early hours of Monday, February 14, 2022, sealed off two branches of Access Bank located along Biu Road and that of Market Road. Mal. Abubakar […] The post Access Bank Settle N118.05 million Tax Rift with Gombe State IRS appeared first on TechEconomy.ng .

3 Investments to Buy With Your Tax Refund

11:36am, Wednesday, 16'th Feb 2022 The Motley Fool
Getting cash back from the IRS? You can use it to build a solid portfolio.

Good News, Tax Evaders! The IRS Can''t Keep Up

12:05am, Wednesday, 16'th Feb 2022 The Wall Street Journal
The agency needs more auditors, greater efficiency and computer systems that weren’t made in the ’60s.
If you''re an online retailer and accept credit card payments, you''ll need to report the 1099-K forms that you receive from payment processors.
Revenue Procedure 2022-3 says IRS won’t grant PLRs on these issues.
WASHINGTON - If there''s one thing that pains everyone trying to reach the IRS at tax time, it''s being stuck on endless hold. Well, not everyone. E. Martin Davidoff''s accounting…

The IRS Has Clarified That Marijuana Purchases Are Not Tax Write Offs

12:00pm, Tuesday, 15'th Feb 2022 Marijuana Stocks
The IRS Will Not Allow Marijuana Purchases To Be A Deductibles For Taxes
Last year, US legislatures were torn between supporting and rejecting the Infrastructure Bill due to its lack of clarity. However, the recent announcement by the US Treasury is a major win for the cryptocurrency industry. The US Treasury Department has announced that cryptocurrency miners and “ancillary parties” will be exempt from tax reporting requirements. US […] The post US Treasury exempts crypto miners from IRS reporting rules appeared first on Invezz .
The Gombe State Internal Revenue Service (GIRS) has sealed off two branches of Access Bank Plc., in Gombe metropolis over non-remittance of over N118.05 million Pay-As-You-Earn (PAYE). The Service media team reports that the bank branches, located along Biu Road and that of Market Road were sealed-off in the early hours of Monday, February 14, […] The post Gombe IRS Seals Access Bank Over alleged Unremitted N118.05 Million Tax appeared first on TechEconomy.ng .

The Tax Court in Brief – Williams v. Commissioner

11:08pm, Monday, 14'th Feb 2022 JD Supra
Tax Litigation: The Week of February 7 – February 11, 2022 TBL Licensing LLC v. Commissioner Slone v. Commissioner U.S. Tax Court Summaries Larry T. Williams v. Comm’r, T.C. Memorandum 2022-7 February 7, 2022 | Urda, J. | Dkt. No. 939-20. The taxpayer challenged a notice of deficiency issued by the Internal Revenue Service (IRS) that determined a deficiency in tax in his federal income tax for his 2016 tax year as well as an addition to tax under section 6651(a)(1) and an accuracy-related… By: Freeman Law

Gombe IRS seals Access Bank over alleged N118 million tax default

07:20pm, Monday, 14'th Feb 2022 Premium Times Nigeria
Gombe Internal Revenue Service Board said Access Bank took the Board to the Tax Affairs Tribunal in Bauchi in March 2020, but the case was dismissed The post Gombe IRS seals Access Bank over alleged N118 million tax default appeared first on Premium Times Nigeria .
If your 2020 tax return is still pending, there''s a special step you need to take when electronically filing your 2021 return, according to the IRS.
Crypto regulation news today begins with the Treasury''s letter, indicating crypto miners won''t be made to report to the IRS.
As we all know, the marijuana industry has grown substantially in recent years, with sales expected to hit $25 billion by 2025. Revenue growth has been driven by more and more states legalizing the plant. In states like Illinois, cannabis sales pulled in nearly $1.4 billion in 2021, exceeding liquor taxes by nearly $100 million over the same period , after outpacing it for the first time in February. However, with the plant still illegal under federal law - something that might change when/if Senate Majority Leader Chuck Schumer (D-N.Y.) and his colleagues file the long-awaited bill this April - conflict and … Full story available on Benzinga.com

Treasury Confirms Miners Exempt From IRS Reporting Rules

04:08pm, Monday, 14'th Feb 2022 Crypto Briefing
The U.S. Treasury has clarified that miners and validators will not fall under the definition of a crypto broker for tax reporting.
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