IFAwebnews » irs

Ohio insurance agent owes $111,639 to IRS for failing to pay taxes

IFAwebnews Staff — Wed, 18 Apr 2012 21:33:07 +0000

A Mansfield, Ohio, insurance agent pleaded guilty to willfully failing to file an income tax return with the IRS for 10 years, the agency and the U.S. Justice Department reported.

Ohio insurance agent owes $111,639 to IRS for failing to pay taxes via IFAwebnews.

Former N.Y. senator admits tax fraud involving insurance payments

Jaime L. Brockway — Fri, 17 Feb 2012 02:19:34 +0000

Former New York Sen. Nicholas A. Spano (35th District) pleaded guilty Feb. 11 in federal court in White Plains, N.Y., to filing fraudulent tax returns involving payment from an insurance company.

Former N.Y. senator admits tax fraud involving insurance payments via IFAwebnews.

Allstate alerts insurance agents of 1099 errors

Jaime L. Brockway — Wed, 15 Feb 2012 13:09:18 +0000

Allstate Corp., based in Northbrook, Ill., informed its insurance agents about errors in their tax documents regarding two incentive programs.

Allstate alerts insurance agents of 1099 errors via IFAwebnews.

Highmark, West Penn proceed with partnership despite UPMC objections

Jaime L. Brockway — Thu, 03 Nov 2011 09:29:55 +0000

Highmark and the West Penn Allegheny Health System (WPAHS) agreed on a definitive partnership and selected an interim chief executive officer to oversee the implementation of the agreement.

Highmark, West Penn proceed with partnership despite UPMC objections via IFAwebnews.

Colo. health plan owner admits defrauding, embezzling up to 250 clients

Bob Graham — Thu, 27 Oct 2011 15:46:31 +0000

The owner and operator of a Colorado health plan company pleaded guilty to several charges related to his defrauding and embezzling medical benefit clients of up to $7 million.

Colo. health plan owner admits defrauding, embezzling up to 250 clients via IFAwebnews.

Owners can fix misclassification of workers as independent contractors

IFAwebnews Staff — Fri, 23 Sep 2011 10:22:36 +0000

The Internal Revenue Service said it will allow businesses that improperly labeled their employees as independent contractors a chance to reclassify those workers.

Owners can fix misclassification of workers as independent contractors via IFAwebnews.

Temp. agency owners defrauded IRS, insurers by paying workers in cash

Jaime L. Brockway — Tue, 26 Jul 2011 10:40:41 +0000

Two former owners of a Stoughton, Mass.-based temporary employment agency were convicted of paying their employees under the table to avoid paying more than $7 million in taxes and workers' compensation insurance premiums.

Temp. agency owners defrauded IRS, insurers by paying workers in cash via IFAwebnews.

Pa. senators question IRS handling of life settlements

IFAwebnews Staff — Thu, 19 May 2011 13:30:02 +0000

Two senators from Pennsylvania are raising concerns about the federal tax treatment for life insurance policy sales and purchases.

Pa. senators question IRS handling of life settlements via IFAwebnews.

IRS getting serious about ‘off-shoring’ as deadline for action approaches

IFAwebnews Staff — Fri, 22 Apr 2011 13:22:55 +0000

The practice of “off-shoring” income, or placing unreported income into foreign accounts, is drawing increased attention from the Internal Revenue Service, according to an international tax attorney.

IRS getting serious about ‘off-shoring’ as deadline for action approaches via IFAwebnews.

IRS reduces plan advisor user fees

Bob Graham — Wed, 20 Apr 2011 15:17:41 +0000

The Internal Revenue Service has issued new rules separating enrolled retirement plan agent user fees from enrolled agent user fees and lowering the fees charged.

IRS reduces plan advisor user fees via IFAwebnews.