The department would implement a 15 percent standard. The Treasury Department announced that it is considering a new tax policy that would require a 15 percent minimum profit…
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Federal Agencies Strengthen Mental Health and Substance Abuse Care Access
Departments of Labor, Treasury, and Health and Human Services intend to remove barriers to treatment. The president’s administration has introduced new rules to improve access to mental health…
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IRS and Treasury Department Report on Funds Recovered from Tax Evaders
The treasury secretary announces $1.3 billion recovered from wealthy tax filers and non-filers and other audits. U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny…
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Connecticut Joins IRS Direct File Program for 2025
Secretary Yellen talks about the successful pilot of the program this year. The Internal Revenue Service (IRS) announced Friday that Connecticut has opted into its Direct File service…
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Treasury Department Sanctions Tijuana-Based Human Smuggling Organization
The Abdul Karim Conteh group was sanctioned for violating U.S. immigration law. The Department of the Treasury sanctioned the Abdul Karim Conteh Human Smuggling Organization (Karim HSO) this…
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IRS Reaches $1 Billion Milestone for Wealthy Back-Tax Collection
The agency is working to increase transparency of how is uses federal funds to address tax evasion. The Internal Revenue Service (IRS) announced Thursday that is has reached…
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Treasury Proposes More Thorough Reviews of Real Estate Near Military Bases
The review comes in response to a Chinese-linked company owning property near a nuclear missile storage facility. The Treasury Department proposed a new rule that would expand the…
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Treasury Secretary Speaks at Global Extreme Heat Financing Meeting
She advocated for multilateral development banks to prioritize climate results. Secretary of the Treasury Janet Yellen spoke with global financial leaders last week to continue coordinating investment plans…
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Treasury Department Allocates $100 Million to Affordable Housing
The investment is intended to address mortgage inflation caused by the housing shortage. Secretary of the Treasury Janet Yellen announced that $100 million in financing is now available…
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Treasury Department Proposes Tax Accountability for Business Partnerships
The department moves to address the “basis shifting” of business partnerships to lower tax brackets. The Treasury Department proposed new rules this week to hold high-profile tax evasion…
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