Washington (Nov. 3, 2003) -- The Treasury Department and the Internal Revenue Service have confirmed that taxpayers will be able to receive tax-free periodic payments from the September 11th Victim Compensation Fund.
"As part of our continued effort to provide guidance to the victims and survivors of the September 11th terrorist attacks, we are pleased to be able to clarify the tax treatment of the September 11th Victim Compensation Fund payments they receive,” said Treasury Secretary John Snow. “Helping these families is the least we can do.”
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access