USPS: IRS Reporting Requirements for Attorney Fees, Back Pay, or Wages

March 7, 2024 The purpose of this notice is to ensure that employees are aware of the Internal Revenue Service (IRS) income reporting requirements when attorney fees are awarded. In 2005, the IRS issued regulations that changed how attorney fee awards are to be treated for tax reporting purposes, based upon the Supreme Court’s decision…

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USPS CFO reports on FY 2021 results (video)

December 3, 2021 USPS reported mixed results for fiscal year 2021, but fully enacting the Delivering for America plan will help put the organization back in the black, Chief Financial Officer Joe Corbett says in his latest “Dollars and Change” video. For fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021), total revenue was $77.1 billion,…

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