The Internal Revenue Service today issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025. Though educational assistance programs have been available for many years, the option to use them to pay for workers’ student loans has only
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in your inbox here. It’s back-to-school season! Getty Earlier this week, I dropped my son off at college. I’m not going to lie—there were a lot of tears. I know he’ll be fine—he’s got a good
The IRS has released final regulations on reporting requirements focused on sales, exchanges, transfers, and payment processing involving digital assets. Getty Earlier this summer, the U.S. Department of the Treasury and the IRS released final regulations on reporting requirements for sales, exchanges, transfers, and payment processing involving digital assets. Supplemental transitional relief and guidance were
While people who own and sell cryptocurrency have always had to pay taxes on their earnings, a new rule finalized by the US Treasury Department can ensure that they’re paying the proper amount on their sales. The new rule will require cryptocurrency platforms like exchanges and payment processors to report their users’ transactions to the
The Treasury and the Internal Revenue Service issued final regulations Friday on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions. The reporting will need to be made on the soon-to-be released Form 1099-DA beginning with transactions on or after Jan. 1, 2025. The IRS
Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all. The Internal Revenue Service said Wednesday that most of the payments people who live near East Palestine, Ohio, received to help them pay for temporary
House for Sale by Owner, Forest Hills, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal … [+] Images Group via Getty Images) UCG/Universal Images Group via Getty Images After reportedly not being able to sell his DC area mansion, former NFL owner Dan Snyder donated his $35 million mansion to charity. That’s a nice tax write-off,