IR-2020-29, February 12, 2020 WASHINGTON — The Internal Revenue Service is holding a free webinar designed to help gig workers, employers, contractors and other businesses understand their tax reporting responsibilities. This free 60-minute webinar will take place on Thursday, February 20 at 2 p.m. Eastern Time. It is open to gig workers, businesses, tax professionals […]
Monthly Archives: February 2020
IRS, Treasury issue proposed regulations updating income tax withholding rules
IR-2020-28, February 11, 2020 WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating the federal income tax withholding rules to reflect changes made by the Tax Cuts and Jobs Act (TCJA) and other legislation. In general, the proposed regulations, available now in the Federal Register, are […]
FTC Acts to Stop Two Companies from Making Unproven Bone and Joint Claims
The Federal Trade Commission sued two companies to stop them from continuing to deceive consumers with false claims that their pills are scientifically proven to alleviate joint pain by growing new bone and cartilage. The FTC filed a complaint against ZyCal Bioceuticals, that has marketed a line of joint pain relief products under the brand […]
Slack Announces Date of Fourth Quarter and Fiscal Year 2020 Financial Results
SAN FRANCISCO–(BUSINESS WIRE)– Slack Technologies, Inc. (NYSE:WORK) today announced that it will report its financial results for the fourth quarter and fiscal year 2020 ended January 31, 2020 following the close of the U.S. markets on Thursday, March 12, 2020. Slack will host a conference call that day at 2:00 p.m. Pacific time (5:00 p.m. […]
FTC Acts to Stop Deceptive Ad Sales to Small Businesses
Two Oregon-based media production companies and their owner have agreed to settle Federal Trade Commission charges that they deceptively pitched “exclusive” advertising placements to small businesses and misled them about when the ads would be printed and distributed. The stipulated court order settling the FTC’s complaint bans the defendants from such deceptive conduct and requires […]
FTC to Examine Past Acquisitions by Large Technology Companies
Note: The FTC will host a conference call for media with FTC Chairman Joe Simons: Date: Feb. 11, 2020Time: 1 p.m. ETCall-in: 877-226-8216, confirmation number 4193234 Call-in lines, which are for media only, will open 15 minutes prior to the start of the call. The Federal Trade Commission issued Special Orders to five large technology firms, […]
FDIC Issues Procedures for Deposit Insurance Applications from Applicants that are Not Traditional Community Banks
FIL-8-2020 February 10, 2020 FDIC Issues Procedures for Deposit Insurance Applications from Applicants that are Not Traditional Community Banks Printable Format: FIL-8-2020 – PDF (PDF Help) Summary: The FDIC has released a supplement to its Deposit Insurance Application Procedures Manual (Procedures Manual) that addresses deposit insurance applications involving unique or complex proposals. The FDIC has […]
Statement of Daniel Francis, Deputy Director of FTC Bureau of Competition, Regarding Announcement that Edgewell Personal Care Company has Abandoned Its Proposed Acquisition of Harry’s, Inc.
Following today’s announcement by Edgewell Personal Care Company that it has terminated its merger agreement with Harry’s, Inc., Daniel Francis, Deputy Director of the Bureau of Competition, made this statement: “We are pleased to see that Edgewell has abandoned its proposed acquisition of Harry’s. For years, Edgewell and Procter & Gamble faced little competition on […]
Statement from Secretary Steven T. Mnuchin on President Trump’s FY 2021 Budget Proposal
Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today in conjunction with President Donald J. Trump’s budget proposal for Fiscal Year 2021: “President Trump’s FY 2021 Budget released today prioritizes Treasury’s role in fostering a strong economy in the United States, ensuring financial stability abroad, strengthening national security, and effectively managing […]
New FTC Data Spotlight: Fake Check Scams Cause Big Losses, Especially for Consumers in Their Twenties
A new update from the Federal Trade Commission shows that fake check scams led to reported individual median losses of nearly $2,000 – losses far higher than on any other of the top ten scams reported to the FTC. According to the new data analysis, consumers in their twenties are more than twice as likely […]