KRAFT FOODS RECEIVES FAVORABLE IRS RULING ON TAX-FREE NATURE OF PLANNED SPIN-OFF
NORTHFIELD, Ill., May 18, 2012 /PRNewswire/ -- Kraft Foods Inc. (KFT) announced today that the U.S. Internal Revenue Service (IRS) has provided a favorable private letter ruling confirming the tax-free status of the planned spin-off of the ...

IRS helps in applications
College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. "The Internal ...

IRS system helps with college financial aid application process
DALLAS College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. The Internal Revenue Service is helping minimize the time

HP Loses Suit Against IRS; Sought Over $190M Tax Refund
Hewlett-Packard yesterday lost a lawsuit it had filed against the U.S. Internal Revenue Service seeking over $190 million in ta refunds tied to a Dutch tax shelter than had been created by a unit of AIG, Retuers reports. The strategy AIG dreamed ...

BNY Mellon, IRS spar over $900 mln tax benefit
WASHINGTON May 17 (Reuters) - Bank of New York Mellon Corp faced off against the U.S. government on Thursday in closing arguments over a $900 million tax benefit that the Internal Revenue Service called "tax abuse." The case is the first to go ...

BNY Mellon, IRS spar over $900 million tax benefit
WASHINGTON (Reuters) - Bank of New York Mellon Corp (BK.N) faced off against the U.S. government on Thursday in closing arguments over a $900 million tax benefit that the Internal Revenue Service called "tax abuse." The case is the first to go to trial since the IRS accused some banks of generating

IRS beef causing a bit of a shakeup at Nifty Fifty's
PHILADELPHIA The owners and managers of the popular Nifty Fiftys restaurant chain have been indicted on federal tax evasion charges for allegedly failing to pay taxes on more than $15 million in cash from customers tabs. Leo McGlynn ...

Nifty Fifty owners face tax evasion charges
The owners of the Nifty Fiftys restaurant chain, which has a location in Bensalem, were charged Wednesday with tax evasion for an alleged scheme that hid more than $15 million from the IRS. Robert Mattei, 73, of Del Ray Beach, Fla.; Leo McGlynn, 52, of Swarthmore; Brian Welsh, 48, and Joseph

Tax Evasion Charges for Nifty Fifty's Owners
The owners of the Nifty Fifty's restaurant chain in our area are charged with tax evasion. The federal government is accusing Robert D. Mattei and Leo T. McGlynn of conspiring with employees and an accountant to keep cash they got from customers instead of reporting it as income. Read Details of

Jim Shelby: Surviving the IRS correspondence marathon
The tax filing season is over so now a new season starts, the correspondence marathon with the Internal Revenue Service. The IRS is now matching Forms 1099 with the amounts reported on 2010 tax returns. If there is a discrepancy, they issue you ...