U.S. Treasury Secretary Janet Yellen on Wednesday talked with her U.K. and German counterparts about resolving mushrooming disputes over the taxation of internet giants such as Facebook Inc., highlighting the issue as a priority in her initial bilateral calls.
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Feed SubscriptionTreasury plans efforts to deliver missing stimulus payments
The Treasury Department said Friday it plans to launch an all-out effort to deliver Economic Impact Payments to people who haven’t yet received the two rounds of stimulus payments that they should have received last year or this month.
Read More »SBA and Treasury reopen Paycheck Protection Program
The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders.
Read More »IRS finalizes rules for claiming carbon capture tax credits
The Internal Revenue Service and the Treasury Department released final regulations Wednesday on how businesses can claim a tax credit for use of carbon capture equipment to help the environment.
Read More »IRS taxpayer data wasn’t exposed in SolarWinds hack, says TIGTA
The Treasury Inspector General for Tax Administration so far hasn’t uncovered any evidence that sensitive taxpayer data was accessed during cyberintrusions blamed on Russian government hackers.
Read More »IRS and Treasury start depositing stimulus payments
The Internal Revenue Service and the Treasury Department said Tuesday evening that they are beginning to make direct deposits of the second round of economic impact payments as soon as Tuesday night for some taxpayers and will continue doing so ...
Read More »AICPA prods Congress to allow PPP expense deductibility
With a CARES Act fix stalled along with stimulus legislation, the institute is urging CPAs to put pressure on their representatives.
Read More »Biden plans to nominate Janet Yellen for Treasury
The former Fed chair would be the first woman to head the Treasury, bringing a seasoned central banker to the nation’s top economic policy job as the coronavirus pandemic threatens another U.S. downturn.
Read More »IRS union sues Trump over civil service executive order
The National Treasury Employees Union has filed a lawsuit to block an executive order signed by President Trump last week that threatens to remove civil service protections from much of the federal workforce.
Read More »Loan fraud, data shortfalls hinder U.S. virus aid, GAO finds
But the federal government has been able to correct some of its earlier missteps, like sending millions of stimulus checks to the deceased, according to the Government Accountability Office.
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