Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...
Treasury Department recoups $31 million in improper government payments to dead people
The Treasury Department announced this week that it had recouped more than $31 million in fraud and improper payments to dead ...
Trump announces new ‘External Revenue Service’ to collect tariff funds
The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping ...
JD Supra1d
Treasury Department and IRS Release Final Regulations for Section 45V Clean Hydrogen Production Tax Credit
On January 3, 2025, the Treasury Department and the Internal Revenue Service issued final regulations under Internal Revenue ...
Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an ...
Watch: Scott Bessent testifies at secretary of the treasury confirmation hearing
Lawmakers on Capitol Hill are set to question Scott Bessent’s stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee.
Watch: Scott Bessent Secretary of the Treasury confirmation hearing
Lawmakers on Capitol Hill are set to question Scott Bessent’s stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee.
JD Supra9d
Treasury and IRS Issue Final Regulations on the Credit for Production of Clean Hydrogen Under Section 45V of the Internal Revenue Code
The final regulations retain the general framework of the proposed regulations, with some important modifications based upon comments from ...
Accounting Today11d
IRS, Treasury finalize rules for clean electricity tax credits
The Treasury Department and the Internal Revenue Service released final rules Tuesday for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code. The tax ...