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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 -
The impact of lockstep moves in bonds and stocks can be seen in sophisticated portfolio strategies such as risk parity, experts say.
February 26 -
The Treasury chief said last week that revenue measures would be needed to help pay for Biden’s planned longer-term economic reconstruction program.
February 23