Search for: "US Department of Treasury, Internal Revenue Service" Results 161 - 180 of 1,132
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6 Apr 2018, 5:01 am by James Edward Maule
Congress amends the Internal Revenue Code, and the Treasury Department, in cooperation with the Office of the Chief Counsel to the Internal Revenue Service, interprets the changes to the extent that the Congress directs the Treasury Department to do so or to the extent the language of the law does not answer the questions that arise when the law is applied to real-life situations. [read post]
4 Oct 2013, 6:09 am by Mark Ashton
In a decision published on May 6th of this year the United States Tax Court held that the Treasury Department and the Internal Revenue Service were not bound by state court rulings that allocate child dependency deductions for federal income tax purposes. [read post]
10 May 2021, 2:20 pm by Kevin Kaufman
Expanding on a prior Treasury statement, the new guidance also establishes that conformity to recent changes in the Internal Revenue Code will not count as a net reduction in tax revenue even if they have that effect. [read post]
28 Apr 2017, 10:16 am by Kelly Phillips Erb
Russell George, Treasury Inspector General for Tax Administration (TIGTA), and the Department of Justice (DOJ) have announced more arrests – as well as a guilty plea – in connection with Internal Revenue Service (IRS) phone scams. [read post]
10 Oct 2017, 3:30 pm by Matthew D. Lee
Enacted in 2010 and fully effective as of July 1, 2014, FATCA is a wide-reaching anti-tax evasion law that requires foreign banks and financial institutions to annually disclose to the Internal Revenue Service the identities and other information regarding their U.S. clients. [read post]
16 Feb 2022, 4:21 pm by India McKinney
In a victory for privacy and security, the Internal Revenue Service reversed course from its recent announcement that it was partnering with ID.me, a third-party identity verification service, to use facial recognition for verification of users managing many aspects of their taxes online. [read post]
17 Feb 2014, 8:23 am by Susan Swatski
(fhanks@hillwallack.com) On February 10, 2014, the Treasury Department issued a press release advising that Treasury and the Internal Revenue Service (“IRS”) have issued final regulations implementing the employer responsibility provisions of the Affordable Care Act (“ACA”) that take effect in 2015. [read post]
27 May 2020, 12:28 pm by George Ticoras, Esq.
On May 28, new Internal Revenue Service (IRS) regulations allowing certain tax-exempt organizations to refrain from reporting the names and addresses of contributors on their annual reports to the IRS will take effect and be published in the U.S. [read post]
14 Jun 2016, 1:49 pm by Kelly Phillips Erb
The Treasury Inspector General for Tax Administration (TIGTA) has announced that it has received additional information that callers are impersonating Internal Revenue Service (IRS) or Treasury Department employees are now demanding payments not only on iTunes Gift Cards but on other gift cards as well. [read post]
4 Sep 2013, 6:51 am by Mark Ashton
In a revenue ruling issued on August 29, the US Department of Treasury has announced that it will treat legally married same sex couples as qualified to file joint federal income tax returns without regard to whether their state of residence gives legal recognition to that status. [read post]
8 Feb 2012, 3:31 pm by James Hamilton
The Treasury Department and the Internal Revenue Service have issued proposed regulations implementing the Foreign Account Tax Compliance Act (FATCA). [read post]
12 Feb 2013, 1:09 pm by Marco Rossi
Department of the Treasury and Internal Revenue Service's release of proposed FATCA regulations, and the simultaneous announcement of an intergovernmental alternative to FATCA implementation, on 8 February 2012. [read post]
10 Mar 2023, 10:00 am by Cynthia Marcotte Stamer
Revenue Procedure 2023-18 is scheduled for official publication in Internal Revenue Bulletin 2023-13, on March 27, 2023. [read post]
3 Jan 2018, 12:35 pm by Matthew D. Lee
The Treasury Inspector General for Tax Administration (TIGTA) has reminded taxpayers to remain on “High Alert” during the coming tax filing season to avoid being scammed by criminals who impersonate Internal Revenue Service and Treasury employees in an effort to steal their money. [read post]
21 Apr 2024, 9:01 pm by renholding
Department of Treasury and the Internal Revenue Service published proposed regulations regarding the 1% excise tax on certain stock redemptions and economically similar transactions (corporate “repurchases”) by publicly traded U.S. corporations (“Covered Corporations”) on or after January 1, 2023, described in Section 4501 of the Internal Revenue Code (the “Excise Tax”). [read post]
24 Sep 2012, 5:07 am by Gretchen Harders
On August 31, 2012, the Internal Revenue Service (IRS), along with the Department of the Treasury, Department of Labor (DOL) and Department of Health and Human Services (HHS), issued guidance under the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010 (the “Affordable Care Act”) on the application of the employer responsibility standards to large… [read post]
25 Sep 2012, 11:37 am by Epstein Becker Green
By Gretchen Harders On August 31, 2012, the Internal Revenue Service (IRS), along with the Department of the Treasury, Department of Labor (DOL) and Department of Health and Human Services (HHS), issued guidance under the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010 (the “Affordable Care Act”) on the application of the employer responsibility… [read post]
22 Mar 2020, 7:14 am by Matthew D. Lee
As a follow-up to our prior post, the Treasury Department and the Internal Revenue Service have released additional details regarding the extension of the federal income tax filing due date from April 15, 2020, to July 15, 2020. [read post]
12 Dec 2019, 8:41 am by Kevin Kaufman
The Treasury Department is finalizing 21 sets of proposed regulations after taking comments from taxpayers and is going through an internal review and revision process in coordination with the Internal Revenue Service (IRS) and the Office of Information and Regulatory Affairs (OIRA) Of the 21 sets of regulations, four were issued in late 2018 and will likely be finalized in the coming months. [read post]