Tag: Taxation

Powerball Jackpot Hits $820M with No Winner, Raising Stakes for Next Draw

The Powerball jackpot surged to $820 million with no winner in the December 6 draw, highlighting annuity choices, tax implications, and state lottery regulations affecting prize claims.

Powerball $200K Winner Claims Prize Amid Growing $775M Jackpot

A North Carolina man claimed a $200,000 Powerball prize after tax, while the jackpot escalates to $775 million. Understand lottery payout and tax details relevant to insurance and finance.

Payroll Tax Implications of Employer-Provided Life Insurance Plans

Explore payroll tax implications and IRS valuation rules for employer-provided life insurance plans, including group-term and key employee policies.

Payroll Tax Implications of Employer-Provided Employee Life Insurance

Explore the payroll tax implications and IRS rules governing employer-provided employee life insurance, including group-term coverage, split-dollar plans, and key employee policies.

Tax Relief on Withdrawals from National Savings Scheme Announced

The Central Government exempts tax on withdrawals from National Savings Scheme, providing relief for individual investors.

Understanding Employment Taxes for Family Employees in Family Businesses

Learn about the unique employment tax requirements when hiring family members in a family business. Understand the differences in tax treatments for family employees and payments for domestic work.