Because it is classified as a trust, settlement fund earnings such as interest are taxable by the Internal Revenue Service at a maximum rate of 37%.

At this time of the year, seniors, life insurance agents, financial advisors and accounting professionals find themselves immersed in the intricacies of tax preparation. Amid this financial journey, ...

The Court held that rejection of a settlement application without settlement terms does not bar an assessee from contesting ...

Airbnb said Tuesday that it lost $349 million in the fourth quarter due to an income tax settlement with Italy, but bookings and revenue rose, and the short-term rental giant said demand remains ...

Sam Drevo walks by the burned foundation of his mother’s home in Gates following the 2020 Labor Day fires. (Photo courtesy of Tyler Westfall) A proposal to require utilities cover federal income taxes ...