Expanding the identification process significantly increases 2024 fraud recovery. The Treasury Department prevented $4 billion of improper payments within government agencies in the 2024 fiscal year, announcing the…
Read MoreDeputy Treasury Secretary Wally Adeyemo
Vice President Announces Investment in Tribal Small Business Program
The funding will provide capital and technical assistance for start-up companies. Vice President Kamala Harris recently announced that the Department of the Treasury has approved over $500 million…
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Treasury Department Sanctions 400 More Entities Tied to Russia
The department targets global supporters of the Russian military and sanction evasion tactics. The Department of the Treasury added nearly 400 entities to its international sanctions list, targeting…
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President to Promote Loans for Ukraine War Effort at G7
Up to $50 billion in loans could be provided from the interest on frozen Russian assets. President Biden is expected to propose a plan to the Group of…
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IRS Announces Tax Bonus for Domestically Produced Iron
The agency released guidance on how to apply for a 10 percent tax credit. The Internal Revenue Service (IRS) released new tax guidance this past week, instructing companies…
Read MoreWally Adeyemo, Deputy Secretary of the Treasury
Wally Adeyemo is Deputy Secretary of the Treasury. He had previously served as the Deputy National Security Advisor for Academics, as well as the Deputy Director of the…
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Wally Adeyemo, Deputy Secretary, Department of Treasury
Wally Adeyemo, Deputy Secretary, Department of Treasury
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IRS Improves Phone Service Levels in Current Tax Season
The agency seeks to show the efficacy of additional funding. The Internal Revenue Service (IRS) has shown improved phone response metrics as the tax season kicks off, reportedly…
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IRS Releases Tax Guidance for EV Charging Station Installations
Businesses and homes may file for tax credits for installing stations. The Internal Revenue Service (IRS) released additional guidelines for tax credits granted to recent installations of electric…
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IRS Releases Clean Energy Investment Tax Credit
The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…
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