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Tag: filing

Government extends deadline for filing declarations under VsV scheme till Mar 31, payment till Apr 30

Government extends deadline for filing declarations under VsV scheme till Mar 31, payment till Apr 30

Finance
The government has extended the last date for availing of the direct tax Vivaad Se Vishwas dispute resolution scheme to March 31, 2021, from the earlier date of February 28. This is the fifth extension of the scheme. Those willing to settle their tax disputes under the Direct Tax Vivad Se Vishwas Act can file their declarations till March 31 and pay the settled tax amount by April 30, 2021, the Central Board of Direct Taxes said in a notification Friday. “CBDT further extends the date for filing of declarations under the Vivaad Se Vishwas Act, 2020 to March 31, 2021. Date for payment without additional amount under VsV extended to 30th April, 2021,” the income tax department said in a Twitter post. So far 125,144 cases have opted for the scheme which is 24.5% of the entire long pending 510...

IRS delays start of tax filing season to Feb. 12

Finance
The Internal Revenue Service (IRS) building in Washington, D.C.Getty ImagesThe IRS is delaying the start of the 2020 tax filing season to Feb. 12, according to an announcement Friday from the agency.On that date, the IRS will start accepting and processing last year's tax returns.Normally, the agency opens tax season in late January.This year, however, the IRS will need more time to prepare after the Covid relief act that took effect in late December. And yes, the tax filing deadline is still April 15."If filing season were opened without the correct programming in place, then there could be a delay in issuing refunds to taxpayers," the IRS said in its announcement."These changes ensure that eligible people will receive any remaining stimulus money as a recovery rebate credit when they fil...
After earlier confusion, filing requirements are waived and veterans will get stimulus checks automatically

After earlier confusion, filing requirements are waived and veterans will get stimulus checks automatically

Finance
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)The Washington PostAmericans generally are required to file a tax return in order to receive their money, which the IRS began issuing over the past several days. The IRS uses that information to determine the eligibility for and the size of the payments, which can total up to $ 1,200 per individual and $ 2,400 per married couple. But many veterans and their survivors who rely solely on government benefits, such as disability payments from Veterans Affairs, do not typically have to submit a&nbs...
Opioid victims can begin filing claims against Purdue Pharma

Opioid victims can begin filing claims against Purdue Pharma

Health
The federal judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma set a June 30 deadline to file claims against the companyBy GEOFF MULVIHILL Associated PressJanuary 24, 2020, 9:49 PM4 min read State and local governments have been leading the legal fight against the opioid industry, seeking payouts to help them deal with the fallout from the nation's addiction crisis. Average Americans are about to get their shot. On Friday, the federal judge overseeing the bankruptcy case of Purdue Pharma set a June 30 deadline to file a claim against the company. That includes governments, entities such as hospitals and, for the first time, individuals who have personal injury claims. It's not clear how much money might be at stake. Purdue reached an agreement with some states and local ...

After bankruptcy filing, Purdue Pharma may not be off hook

Health
OxyContin maker Purdue Pharma and its owners expressed sympathy but not responsibility for the nation's opioid crisis as the company filed for bankruptcy protection late Sunday night, part of a move to settle some 2,600 lawsuits — most from state and local governments. "Like families across America, we have deep compassion for the victims of the opioid crisis," Sackler family members said in the statement, which called the settlement plan a "historic step towards providing critical resources that address a tragic public health situation." But the filing may not get either the drugmaker or the Sacklers off the legal hook. About half the states and lawyers representing at least 1,000 local governments have agreed to the tentative settlement, which the company says could be worth $ 10 billi...