Tag: internal_revenue_service
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Treasury, IRS Offer Relief to Sovereign Investors on Tax Regulations
The Treasury and IRS issued guidance for Section 892 regulations, offering grandfathering and transitional relief to foreign governments and sovereign wealth funds. This aims to provide certainty for U.S. investments and support economic growth.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal U.S. Department of the TreasuryInternal Revenue ServiceSection 892Sovereign InvestorsTaxationInvestingGovernmentUS Treasury
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Florida Woman Pleads Guilty in Multi-State Bank Fraud Scheme
A Florida woman pleaded guilty to bank fraud conspiracy in Rochester, N.Y., involving stolen and counterfeit checks totaling over $200,000. She faces up to five years in prison and agreed to pay restitution.
Law EnforcementBusinessLegalEconomyFederal GovernmentBanking Renee M. ThompsonBank fraudConspiracyRochester, N.Y.Federal Bureau of InvestigationInternal Revenue ServiceFinancial CrimeFBI
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IRS CEO and Senator Moreno Tout Working Families Tax Cuts in Ohio
IRS CEO Frank J. Bisignano and Senator Bernie Moreno visited Ohio to highlight the Working Families Tax Cuts Act, emphasizing provisions for no tax on car loan interest, overtime pay, and enhanced deductions for seniors.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyEmployment and Labor Frank J. BisignanoBernie MorenoOhioWorking Families Tax Cuts ActTax DeductionsInternal Revenue ServiceEconomic Policy
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IRS Opens 2027 Grant Applications for Low Income Taxpayer Clinics
The IRS is accepting applications for matching grants of up to $200,000 to fund Low Income Taxpayer Clinics in 2027. The program seeks to expand pro bono tax representation and education, with special consideration for underserved communities.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEducationSocial Issues Personal TaxesGovernmentInternal Revenue ServiceLow Income Taxpayer ClinicGrant ApplicationsTaxpayer Advocate ServicePro Bono Representation
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IRS Seeks Applicants for 2027 Advisory Council Membership
The Internal Revenue Service is seeking qualified volunteers to serve three-year terms on its advisory council starting in 2027. Applications are open until June 5, 2026, for tax professionals and advocates to help advise IRS leadership on key administration issues.
Politics and GovernmentBusinessFederal GovernmentEconomyLegal TaxesGovernmentPersonal TaxesInternal Revenue ServiceIRSACTax AdministrationVolunteers