Treasury Seeks Pause in Corporate Transparency Act Case
After dialing back the Corporate Transparency Act’s beneficial ownership information reporting requirements last month, the Treasury Department is now moving …
IRS Drops 9 ‘Unnecessary’ Guidance Items; Treasury Scraps Financial Regs
As part of the Trump administration’s government-wide push for deregulation and smaller overall workforce, the IRS and the Treasury Department …
Werfel Announces Leadership Restructuring Coming in Early 2024
IRS Commissioner Danny Werfel, in News Release 2023-237, announced his plans to restructure the leadership at the agency. The new …
IRS Spending Plan Elicits Mixed Reactions From Congress, Policy Groups
Following the release of the much-anticipated spending plan for how the IRS intends to deploy the $80 billion appropriation granted by the …
Senator Gary Peters Urges Regulators to Finish Dodd-Frank Incentive Compensation Rules in Light of Bank Failures
Senator Gary Peters, a Democrat from Michigan, urged financial regulators to quickly finish writing a crucial Dodd-Frank rule related to …
Treasury Calls for Tighter Crypto Regulation, Oversight
A body of government regulators led by the Treasury secretary warned of risks posed by the proliferation of digital assets …
With IRS Funding Secured, Treasury Chief Outlines 6-Month Plan
The IRS is poised to course-correct from COVID-19 setbacks impacting customer service and uncollected taxes from top earners, according to …
House Appropriators Boost IRS, Treasury Funding for 2023
The Appropriations Committee in the House of Representatives on June 24 approved the fiscal 2023 Financial Services and General Government …