Free step-by-step webinar September 19 IR-2019-155, September 13, 2019 WASHINGTON — The new Tax Withholding Estimator, launched last month on IRS.gov, includes user-friendly features designed to help retirees quickly and easily figure the right amount of tax to be taken out of their pension payments. The mobile-friendly Tax Withholding Estimator replaces the Withholding Calculator. The tool […]
Monthly Archives: September 2019
Treasury, IRS release final and proposed regulations on new 100% depreciation
IR-2019-156, September 13, 2019 WASHINGTON — The Treasury Department and the Internal Revenue Service today released final regulations (PDF) and additional proposed regulations (PDF) under section 168(k) of the Internal Revenue Code on the new 100% additional first year depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed […]
Timothy W. Crawford, et al.
Litigation Release No. 24590 / September 12, 2019 Securities and Exchange Commission v. Timothy W. Crawford, et al., No. 19-CV-1022 (S.D. Ohio filed March 19, 2019) The Securities and Exchange Commission announced today the entry of a final judgment against Cardinal Energy Group, Inc., a Texas-based oil-and-gas penny stock company, with fraudulently concealing the loss […]
FTC Takes Action against Operators of Student Loan Debt Relief Schemes and the Financing Company that Assisted Them
The Federal Trade Commission charged the operators of two similar student loan debt relief schemes, and a financing company that assisted them, with bilking millions of dollars from consumers. The defendants allegedly charged illegal upfront fees that they led consumers to believe went towards consumers’ student loans, and falsely promised that their services would permanently […]
FTC Approves Final Order Imposing Conditions on Quaker Chemical Corp.’s Acquisition of Houghton International Inc.
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that chemical company Quaker Chemical Corp.’s $1.4 billion acquisition of Houghton International Inc. is anticompetitive. According to the complaint, which was first announced in July 2019, as proposed, the acquisition would have harmed competition in the North American market […]
IRS expanding the Compliance Assurance Process for 2020, accepting new corporate applicants
IR-2019-154, September 12, 2019 WASHINGTON — The Internal Revenue Service announced today the opening of the application period for the 2020 Compliance Assurance Process program. For the first time since 2015, new corporate applicants who meet eligibility requirements can apply for CAP. The application period runs September 16 to October 31, 2019. The IRS will […]
Possible offer by Hong Kong Exchanges and Clearing Limited
Possible offer (the “Offer“) by Hong Kong Exchanges and Clearing Limited (“HKEX”) for London Stock Exchange Group plc (“LSEG”) ACCESS TO THIS AREA OF THE WEBSITE (“MICROSITE”) MAY BE RESTRICTED UNDER SECURITIES LAWS OR REGULATIONS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A […]
FTC Requires Divestitures and Imposes Conditions on US Foods Holding Corp.’s Acquisition of Services Group of America, Inc.
Food distributor US Foods, Inc. has agreed to divest assets to settle Federal Trade Commission charges that US Foods, Inc.’s proposed $1.8 billion acquisition of Services Group of America, Inc. would violate federal antitrust law. Broadline foodservice distribution involves the sale and distribution of a broad range of food and foodservice-related products to customers who serve […]
FTC Requires Divestitures and Imposes Conditions on US Foods Holding Corp.’s Acquisition of Services Group of America, Inc.
Food distributor US Foods, Inc. has agreed to divest assets to settle Federal Trade Commission charges that US Foods, Inc.’s proposed $1.8 billion acquisition of Services Group of America, Inc. would violate federal antitrust law. Broadline foodservice distribution involves the sale and distribution of a broad range of food and foodservice-related products to customers who serve […]
IRS announces leadership appointments in the Small Business/Self-Employed Division; Harris, Guillot join Hylton in key enforcement positions
IR-2019-153, September 11, 2019 WASHINGTON — The Internal Revenue Service today announced that Darren Guillot has been selected as the Deputy Commissioner for Collection and Operations Support in the Small Business/Self-Employed Division (SB/SE) and De Lon Harris has been selected as the Deputy Commissioner for Examination. “De Lon and Darren will play integral roles in […]