Discusses Treasury regulations for 831(b) microcaptive transactions issued 1/14/2025 re listed transactions and transactions ...

Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...

In one of her last acts as U.S. Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” ...

The Treasury Department on Friday announced sanctions in connection with a massive Chinese hack of American ...

State-sponsored Chinese hackers breached U.S. Treasury Secretary Janet Yellen’s computer, accessing thousands of unclassified ...

The Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Friday that it had sanctioned a China-based ...

Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said the question of ...

The breach of the debt ceiling officially starts the clock on how long Trump and Congress will have to act to avoid a ...

The guidance builds on the safe harbor that seeks to simplify domestic content calculations by establishing optional ...

The Internal Revenue Service (IRS) has released Notice 2025-04 announcing the IRS and US Department of the Treasury’s ...

On January 3, 2025, the Treasury Department and the Internal Revenue Service issued final regulations under Internal Revenue ...

It is not clear how long Congress will have to secure a deal on funding or raising the debt ceiling again once the measures ...