Posts Tagged ‘AIG’

Recipients of Stimulus Money Owe More Than $220 Million in Back Taxes

Monday, March 23rd, 2009

At least 13 companies who received some of the $300 billion in TARP (Troubled Asset Relief Program) funds owe hundreds of million of dollars in delinquent federal taxes but still received federal bailout money.
As a condition of receiving TARP funds, these companies signed statements indicating they owned no back federal taxes.
According to House Ways and Means Oversight Subcommittee Chairman John Lewis, D-Ga, the Treasury Department relied on company statements, rather
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Tags: AIG, Back Taxes, delinquent federal taxes, delinquent taxes, federal bailout, IRS audits, IRS debt, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, TARP, tax attorney, tax cheat, tax debt, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services
Posted in Tax news and tips | 1 Comment »

Is 90% Punitive Tax Aimed at AIG Bonuses an Effective Deterrent or Unconstitutional Weapon?

Friday, March 20th, 2009

The new punitive tax bill that is intended to recoup bonuses paid by the federal relief money is absolutely legal, despite detractors who say the law can be construed as unconstitutional for targeting specific groups like AIG.
The legislation would tax 90% of the amount received from any institution that took at least $5 billion in taxpayer aid. And from the looks of things, the only reason the bill isn’t taxing
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Tags: AIG, AIG bonuses, federal relief, greenmail, Michael Rozbruch, punitive tax, tax expert, tax help, tax legislation, tax on AIG bonuses, tax policy, tax relief, tax resolution, tax resolution expert, tax resolution services
Posted in Tax news and tips | No Comments »