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18 May 2023, 6:41 am
Treasury Department under the Bank Secrecy Act. [read post]
18 May 2023, 6:36 am
Treasury Department. [read post]
18 May 2023, 5:16 am
Treasury’s Office of Foreign Assets Control (OFAC) had recently visited Cyprus and demanded that the country’s banks “get rid” of Russian accounts. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
IRS submits Direct File report to Congress; Treasury Department directs pilot to evaluate key issues
17 May 2023, 7:12 pm
“The Internal Revenue Service submitted a report today to Congress evaluating a Direct File option for taxpayers and is taking steps to begin a pilot project for the 2024 filing season following a directive from the Treasury Department. [read post]
17 May 2023, 7:10 am
Arguing in favor of more dynamic financial reform, Gensler said the SEC has several projects in the works designed to help ensure U.S. capital markets’ resiliency.Along with the Department of the Treasury and the Federal Reserve System, the SEC is working to broaden central clearing, register dealers, regulate trading platforms, and promote greater transparency, he said.He cautioned regulators to watch for gaps when technologies provide new ways of intermediating,… [read post]
16 May 2023, 9:01 pm
When the debt ceiling does not purport to limit borrowing, after all, the Treasury Department simply goes about its business as it always does. [read post]
16 May 2023, 3:46 pm
Concerns about the federal debt limit have simmered since the Government reached the limit in January, but things are coming to a boil with the Treasury Department’s confirming that, as early as June 1, “extraordinary measures” may be insufficient to prevent the U.S. from defaulting on its obligations. [read post]
15 May 2023, 1:22 pm
How is taking away more than a quarter of a million dollars, which should be used for environmental purposes, and handing it over to the Treasury an acceptable solution? [read post]
15 May 2023, 12:41 pm
On May 12, 2023, the IRS and the Department of the Treasury issued highly anticipated guidance regarding the requirements to satisfy the domestic content bonus tax credit provisions for investment tax credits under Sections 48(a)(12) and 48E(a)(3)(B) of the Code (the “ITC”) and production tax credits under Sections 45(b)(9) and 45Y(g)(11) of the Code (the “PTC”) (the “Domestic Content Bonus Requirements”) in Notice 2023-38 (the… [read post]
15 May 2023, 8:23 am
(For some reason—likely my error—that listing excludes this post, noting then-Treasury Department General Counsel George Madison's insistence that the Department "has always viewed the debt limit as a binding legal constraint that can only be raised by Congress," and this post noting the history of government shutdowns.) [read post]
15 May 2023, 5:30 am
Section IV analyzes several reports prepared during President Washington's administration by the Treasury Department under its first Secretary of the Treasury, Alexander Hamilton. [read post]
15 May 2023, 3:55 am
Section IV analyzes several reports prepared during President Washington’s administration by the Treasury Department under its first Secretary of the Treasury, Alexander Hamilton. [read post]
14 May 2023, 2:31 pm
I really hope someone inside the Treasury department is gaming this out as we speak. [read post]
12 May 2023, 12:41 pm
Rearguard actions are always more symbolic than substantive. [read post]
