IFAwebnews » taxes

Insurance premium taxes help fiscal 2011 state collections rise

Bob Graham — Wed, 18 Apr 2012 21:47:55 +0000

Increased revenue from premium taxes paid by insurance companies helped boost overall state government tax collections in fiscal 2011.

Insurance premium taxes help fiscal 2011 state collections rise via IFAwebnews.

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.

Defense of Marriage Act ruling may affect insurance, other benefits

IFAwebnews Staff — Thu, 23 Feb 2012 14:09:49 +0000

A federal judge ruled Congress' Defense of Marriage Act unconstitutional in a case over whether a government workers should be permitted to enroll her same-sex spouse in federal health insurance coverage.

Defense of Marriage Act ruling may affect insurance, other benefits via IFAwebnews.

Obama’s 2013 budget will discourage people from buying life insurance

Jaime L. Brockway — Mon, 20 Feb 2012 13:01:56 +0000

A group of insurance associations is concerned about the implications that new taxes included in President Obama's 2013 budget proposal, introduced Feb. 13, will have on the life insurance industry.

Obama’s 2013 budget will discourage people from buying life insurance 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.

Any ‘Buffet Rule’ would sting Maryland, mid-Atlantic’s millionaires

Jeffrey Benzing — Thu, 06 Oct 2011 12:02:21 +0000

WASHINGTON - In Maryland, a state with the nation's second-highest concentration of millionaires, there are a lot of eyes on President Obama's push for a "Buffet Rule" tax on the wealthiest Americans.

Any ‘Buffet Rule’ would sting Maryland, mid-Atlantic’s millionaires 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.

Ohio tying of insurance license renewals to compliance partially panned

Bob Graham — Mon, 06 Jun 2011 12:28:33 +0000

One-third of participants in the latest IFAwebnews.com poll say that Ohio's plan to review all insurance agents for tax and workers' compensation law compliance prior to renewing their licenses is unfair.

Ohio tying of insurance license renewals to compliance partially panned 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.

Congress, don’t tax life insurance death benefits

Bob Graham — Mon, 25 Apr 2011 16:08:53 +0000

Congress definitely should not tax the $57.5 trillion in death benefits paid out from life insurance each year, according to the latest IFAwebnews.com poll.

Congress, don’t tax life insurance death benefits via IFAwebnews.