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Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.
October 3 -
The Treasury Department estimates added enforcement could capture an additional $700 billion in tax dollars.
May 25 -
The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.
May 20 -
Some former IRS officials say it will take several years to produce significant results.
May 6 -
The Treasury secretary has previously said she would work with Congress on ways to ease the “disparate treatment” across taxpayers from the deduction limit.
April 22 -
The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.
April 22 -
Notice 2021-25 offers details on a provision of the COVID-19 relief package from last December that allows a temporarily larger deduction.
April 8 -
The majority of the latest payments went to Social Security recipients and beneficiaries.
April 7 -
“We need to study just what impact it’s had,” the Treasury secretary said during a House Financial Services Committee hearing Tuesday.
March 24 -
Estate planners are keeping a close eye on the department’s agenda, anticipating the possible revival of several regulatory projects shelved by the Trump administration.
March 15