WASHINGTON – The Treasury Department, in coordination with the IRS, has released proposed regulations clarifying the “No Tax on Tips” deduction.
(more…)Tag: US Treasury
-
US Treasury Sanctions Global Gold Smuggling Network
WASHINGTON – On International Anti-Corruption Day, the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) announced sanctions against 28 individuals and businesses involved in a global gold smuggling and money laundering network based in Zimbabwe. These actions, under Executive Order (E.O.) 13818, target perpetrators of serious human rights abuses and corruption worldwide.
(more…) -
U.S. Consumers Save $1 Billion on Electric Vehicle Purchases
WASHINGTON, June 12, 2024 — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced that consumers have saved over $1 billion in upfront costs on the purchase of more than 150,000 clean vehicles since January 1, 2024.
(more…) -
US Treasury Opens Direct File Option for Tax Season 2025
WASHINGTON – On May 30, 2024, the US Department of the Treasury and the Internal Revenue Service (IRS) announced a direct file as tax filing options for Americans.
(more…) -
Treasury and IRS Offer Guidance on Stock Buyback Excise Tax
The U.S. Department of the Treasury and Internal Revenue Service (IRS) have released proposed regulations on the stock buyback excise tax, a provision of President Biden’s Inflation Reduction Act.
(more…) -
Treasury Department Unveils Plan to Boost US Housing Supply
WASHINGTON, March 5, 2024 – In a bid to address the ongoing housing shortage, the US Department of the Treasury has unveiled a comprehensive plan to increase the supply of housing across the United States.
(more…) -
U.S. Treasury Imposes Additional Sanctions on Entities Defying Russian Oil Price Cap
WASHINGTON — December 1, 2023 – The U.S. Department of the Treasury‘s Office of Foreign Assets Control (OFAC) has announced additional sanctions targeting three entities and three vessels engaged in transporting Russian crude oil above the agreed-upon price cap set by the international coalition, known as the Price Cap Coalition.
(more…) -
U.S. Treasury Issues Warning on Cyber Scams Amidst Holiday Shopping Season
WASHINGTON – November 22, 2023 – The U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) has issued a consumer advisory today, emphasizing precautionary measures against the rising threat of cyber and online scams during the upcoming holiday shopping season.
(more…) -
Treasury Approves $62 Million to Boost D.C. Small Businesses under Biden’s Investing in America Agenda
WASHINGTON D.C., November 17, 2023 – The U.S. Department of the Treasury has given the green light to Washington, D.C.’s ambitious plan to receive up to $62 million in funding, as part of President Biden’s comprehensive Investing in America agenda.
(more…) -
U.S. Treasury Imposes Sanctions on Maritime Entities Violating Coalition Price Cap on Russian Crude Oil
WASHINGTON, November 16, 2023 – In a significant move aimed at curbing financial support for Russia’s invasion of Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on three maritime entities and designated three vessels as blocked property.
(more…)