The agency will review business expense claims for private travel. The Internal Revenue Service (IRS) announced that they are proceeding with tax audits to review the accuracy of…
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DOL Requests Public Input on Retirement Plan Disclosures
Federal agencies are looking at how many and how often workers receive retirement disclosures, as well as their effectiveness. The Department of Labor announced that the Employee Benefits…
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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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Swiss Bank Banque Pictet Admits Hiding Billions from IRS
The entity reached a $122.9 million agreement with the U.S. Treasury Department. The U.S. Department of the Treasury has come to a $122.9 million agreement with the private…
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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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House Committee Investigates Hamas-Linked Charities
Government funding may also be an issue. The House Ways and Means Committee conducted a hearing on Wednesday on funding of the terror group Hamas. They particularly focused on…
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House Bill Would Give Israel Aid from IRS Funds
House legislators want to avoid using “new money.” President Joe Biden has requested in excess of $100 billion in total military aid to go to Ukraine for its…
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Justice Department Issues Indictments Over Fentanyl
Indictments charge Chinese companies and their employees. Attorney General Merrick Garland announced eight indictments charging China-based companies and twelve against Chinese nationals with crimes relating to the production…
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IRS Seeks to Collect Back Taxes from Billionaires
The agency’s initiative is funded under the Inflation Reduction Act. The Internal Revenue Service (IRS) has launched an initiative to collect hundreds of millions of dollars in back…
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Low-Income Community Credit Program Launched
Treasury Department rule encourages the construction of clean energy facilities for lower energy costs. The Department of the Treasury issued a final rule and guidance for its new…
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