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News
Millions of mailboxes across US fill up with 'one-time' payment from $5bn payout
1+ day, 8+ hour ago (361+ words) A MAJOR insurance company is shelling out a historic $5 billion one-time dividends payout to millions of eligible customers. America’s largest auto insurer, State Farm, recently announced the multi-billion dollar payment payout – the largest in the company’s history. The company boasts…...
Cenvat Credit Allowable for Service Tax Paid on Account of Fly Ash Movement: CESTAT
1+ day, 15+ hour ago (271+ words) The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the CENVAT credit is allowable on service tax paid for the transportation and movement of fly ash. The Appellant, Shyam Metallics & Energy Ltd, a manufacturer…...
State audit finds repeat financial recordkeeping problems in Brown County
2+ day, 54+ min ago (916+ words) Brown County has again been cited by state auditors for problems with its financial recordkeeping and internal controls, including inaccurate debt figures, a $163.8 million total for county-owned assets that auditors could not verify and 14 county funds that ended 2025 with negative…...
State Farm returning $5B to auto insurance policyholders
2+ day, 14+ hour ago (44+ words) Federal investigators have pulled intact data cards from a state police helicopter and Cessna plane that collided at a small airport in central Pennsylvania, killing the plane’s... State Farm is sending $5 billion back to auto insurance customers. Here's how to…...
IRS extends safe harbor for carbon capture tax credit
3+ day, 1+ hour ago (282+ words) Notice 2026-50, which the IRS and the Treasury issued last week, provides interim guidance, pending the issuance of regulations, relating to the credit for carbon oxide sequestration under Section 45Q of the Internal Revenue Code to reflect the Environmental Protection Agency's proposed…...
State Farm is sending a $5B rebate to customers. Are you on the list?
3+ day, 7+ hour ago (271+ words) State Farm's auto insurance company has begun sending its customers rebate checks as part of a $5 billion "cash-back dividend," the company said. It is a one-time payment due to "State Farm Mutual’s financial strength and a stronger than expected underwriting…...
6 Tax Credits Every Parent Should Know Ahead of Time for Tax Year 2026 - AOL
1+ week, 1+ day ago (740+ words) Get more from AOL Protection, support, and more. Pick what works for you. It’s never too soon to start thinking about tax year 2026. The more parents know about available tax credits, the more opportunities for a lower tax bill. Most…...
Platte County Homestead Property Tax Credit: What homeowners need to know
1+ week, 1+ day ago (26+ words) KSHB 41 Kansas City Platte County Homestead Property Tax Credit: What homeowners need to know...
Service Tax Demand Cannot Go Beyond Show-Cause Notice: CESTAT Delhi
1+ week, 1+ day ago (436+ words) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, has reiterated that adjudicating and appellate authorities cannot confirm a service tax demand under a category different from the one specified in the show-cause notice. The assessee must be put…...
CESTAT Allows 12% Interest on Refund of Service Tax Paid by Mistake of Fact
1+ week, 1+ day ago (841+ words) The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad Regional Bench, has held that an assessee is entitled to interest at 12% on the refund of an amount paid as Service Tax by mistake of fact, directing that such interest be…...