IRS to send unclaimed stimulus checks to 1 million taxpayers worth up to $1,400

Did you miss out on receiving the Recovery Rebate Credit in 2021? The IRS just announced its plans to issue the payments ...
Tax Guru

Late Form 67 Filing Ignored Because FTC Is a Vested Treaty Right

The ITAT held that late filing of Form 67 cannot defeat a valid FTC claim. The ruling clarifies that procedural delays do not override substantive treaty ...
Lincoln Journal Star

Powerball jackpot climbs to $1.6B, among largest ever in U.S.

The Powerball jackpot now stands at an estimated $1.6 billion, making it one of the largest lottery prizes in U.S. history, ...
Tax Guru

Exemption Restored Because Form 10B Filed Within Extended Due Date

The ITAT held that filing Form 10B on the extended due date, especially during COVID-19 relief periods, cannot by itself defeat Section 11 exemption. Procedural delay cannot override substantive ...