WHAT: The Federal Trade Commission will host a workshop to examine voice cloning technologies. WHEN: Tuesday, January 28, 12:30 p.m.-5:00 p.m. ET. WHERE: Constitution Center400 Seventh St., SWWashington, D.C. 20024 WHO: The event will feature remarks by FTC Commissioner Rohit Chopra as well as industry officials, academics, and others. WEBCAST: The workshop will be webcast. […]
Monthly Archives: January 2020
IRS provides relief to financial institutions affected by tax law change raising the age for required minimum distributions
IR-2020-19, January 27, 2020 WASHINGTON — The Internal Revenue Service has provided relief to financial institutions that were expected to provide required minimum distribution (RMD) statements to IRA owners by January 31, 2020. Notice 2020-6 (PDF) clarifies that if an RMD statement is provided for 2020 to an IRA owner who will turn age 70½ in […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with Chancellor of the Exchequer Sajid Javid, of the United Kingdom
London – U.S. Treasury Secretary Steven T. Mnuchin met with Chancellor of the Exchequer Sajid Javid, of the United Kingdom (U.K.). The Secretary and Chancellor underscored the importance of the special relationship between the U.S. and the U.K., and discussed a range of topics including trade, Brexit, international taxes, and sanctions. #### Related posts: Mnuchin […]
OCC Issues Notice of Charges Against Five Former Senior Wells Fargo Bank Executives, Announces Settlement With Others
News Release 2020-6 | January 23, 2020 Share This Page: WASHINGTON – The Office of the Comptroller of the Currency (OCC) today issued a notice of charges against five former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, and announced settlements with the bank’s former Chief Executive Officer (CEO) and other members of […]
Treasury Targets International Network Supporting Iran’s Petrochemical and Petroleum Industries
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against four international petrochemical and petroleum companies that have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), an entity instrumental in Iran’s petroleum and petrochemical industries, […]
New FTC Data Shows that the FTC Received Nearly 1.7 Million Fraud Reports, and FTC Lawsuits Returned $232 Million to Consumers in 2019
New data released by the Federal Trade Commission shows that FTC actions led to more than $232 million in refunds to consumers across the country in 2019. A core part of the FTC’s mission is to return money to consumers who are harmed by illegal business practices. Over the last four years, consumers have cashed […]
Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion
IR-2020-18, January 23, 2020 WASHINGTON — A globally coordinated day of action to put a stop to the suspected facilitation of offshore tax evasion has been undertaken this week across the United Kingdom (UK), United States (US), Canada, Australia and the Netherlands. The action occurred as part of a series of investigations in multiple countries […]
FTC Seeks Public Comment on Par Petroleum Corp.’s Application to Modify Agreement to Store Petroleum Products at Barbers Point Terminal in Hawaii
The Federal Trade Commission is currently accepting public comments on an application by Par Petroleum Corp. to modify the Amended Honolulu Terminal Agreement. Prior approval of the modification to the agreement is required under the FTC’s May 15, 2015 final order settling charges that Par’s $107 million acquisition of Koko’oha Investments, Inc.’s wholly-owned subsidiary Mid Pac […]
IRS: Don’t be victim to “ghost” tax return preparers
IR-2020-17, January 22, 2020 WASHINGTON — With the start of the 2020 tax filing season near, the Internal Revenue Service is reminding taxpayers to avoid unethical “ghost” tax return preparers. According to the IRS, a ghost preparer does not sign a tax return they prepare. Unscrupulous ghost preparers will print the return and tell the […]
Peloton Interactive, Inc. Announces Second Quarter Fiscal 2020 Earnings Release Date, Conference Call and Webcast
NEW YORK, Jan. 21, 2020 (GLOBE NEWSWIRE) — Peloton Interactive, Inc. (Nasdaq: PTON) will release its second quarter fiscal 2020 results after the U.S. stock market closes on Wednesday, February 5, 2020. The Company will also hold a conference call to discuss results at 5:00 p.m. (Eastern Time) that day. The U.S. toll free dial-in […]