The Federal Trade Commission has finalized settlements with five companies over allegations they falsely claimed certification under the EU-U.S. Privacy Shield framework, which enables companies to transfer consumer data legally from European Union countries to the United States. In separate actions, the FTC alleged that DCR Workforce, Inc., Thru, Inc., LotaData, Inc., and 214 Technologies, […]
Monthly Archives: January 2020
At-risk youth get a fresh look and a fresh start
Dominique Jackson is the first in Villanueva’s chair, getting his edges cleaned up to bring his locks back to life. “He was passionate about it, he cared, and he took his time,” says Jackson about his cut. “That’s all you need, with anything: time, patience and care, especially with my magic locks.” Jackson, a security […]
Statement from United States Treasury Secretary Steven T. Mnuchin on the Passage of the United States-Mexico-Canada Agreement (USMCA) in the Senate
Washington – The passage of the United States-Canada-Mexico Agreement (USMCA) in the Senate today is a testament to Ambassador Lighthizer and the rest of the U.S. negotiating team’s steadfast commitment to advancing President Trump’s trade agenda. This historic agreement not only modernizes and rebalances our trade relationship with Canada and Mexico, but it promotes economic […]
IRS to restore sequestered funds (AMT only) this fiscal year to businesses affected by OMB determination
IR-2020-12, January 16, 2020 WASHINGTON – The Internal Revenue Service today announced it will return sequestered funds to businesses that were affected by a recent Office of Management and Budget (OMB) determination regarding the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. The IRS will restore any amounts sequestered since 2013 under […]
IRS: Most taxpayers eligible for free federal and free state tax return preparation
IR-2020-13, January 16, 2020 WASHINGTON – Most taxpayers can do both their federal and state tax returns for free online through Free File offered either by the IRS or by states that have a similar public-private partnership. For 2020, taxpayers whose prior-year adjusted gross income was $69,000 or less, and that’s most people, can use […]
IRS Free File helps seniors and retirees do their taxes for free
IR-2020-10, January 15, 2020 WASHINGTON — Seniors and retirees whose income is under $69,000 a year should explore IRS Free File for free online tax preparation. Seniors are one of the key constituents for Free File which has served 57 million taxpayers and saved them $1.7 billion since the online filing service debuted in 2003. […]
Joint Statement of Egypt, Ethiopia, Sudan, the United States and the World Bank
Washington, DC – The Ministers of Foreign Affairs and Water Resources of Egypt, Ethiopia and Sudan and their delegations met with the Secretary of the Treasury and the President of the World Bank, participating as observers, in Washington, D.C. on January 13-15, 2020. The Ministers noted the progress achieved in the four technical meetings among […]
IRS and Treasury issue guidance for students with discharged student loans and their creditors
IR-2020-11, January 15, 2020 WASHINGTON — The Internal Revenue Service and Department of the Treasury issued Revenue Procedure 2020-11 (PDF) that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school. Relief is also extended to any creditor that would […]
IRS Free File helps seniors and retires do their taxes for free
IR-2020-10, January 15, 2020 WASHINGTON — Seniors and retirees whose income is under $69,000 a year should explore IRS Free File for free online tax preparation. Seniors are one of the key constituents for Free File which has served 57 million taxpayers and saved them $1.7 billion since the online filing service debuted in 2003. […]
IRS Free File: Ideal for young and first-time filers
IR-2020-08, January 14, 2020 WASHINGTON — Filing taxes for the first time or working part-time? IRS Free File may be the perfect match for people looking to save money on federal tax preparation. Most Free File users are under the age of 30 with modest incomes. The Free File adjusted gross income limit for 2020 […]