IR-2020-152, July 13, 2020 WASHINGTON — On July 9, the U.S. Tax Court struck down four more abusive syndicated conservation easement transactions. The Internal Revenue Service calls on any taxpayer involved in syndicated conservation easement transactions who receives a settlement offer from the agency to accept it soon. These time-limited settlement offers, announced June 25, […]
Monthly Archives: July 2020
FTC Finalizes Privacy Shield Settlement with Ortho-Clinical
The Federal Trade Commission has finalized a settlement with a medical diagnostic devices and services company over allegations the firm misled consumers about its participation in the EU-U.S. Privacy Shield framework. The FTC alleged that New Jersey-based Ortho-Clinical Diagnostics, Inc. claimed that it participated in the Privacy Shield framework and complied with the program’s requirements, […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Discussion with G7 Finance Ministers
WASHINGTON – Today, U.S. Treasury Secretary Steven T. Mnuchin hosted a discussion with his counterparts from Canada, France, Germany, Italy, Japan, the United Kingdom, the European Commission, the Eurogroup, the IMF, and the World Bank. The G7 Finance Ministries remain in regular contact and continue to coordinate on timely and effective actions in response to […]
FTC Launches New Online Tool for Exploring Military Consumer Data
The Federal Trade Commission launched a new tool that explores data about problems military consumers may experience in the marketplace. For the first time, data about reports the FTC has received from active duty service members and veterans will be available online in an interactive dashboard at ftc.gov/explore data. The military dashboard, which is updated quarterly, […]
OCC Announces Project REACh to Promote Greater Access to Capital and Credit for Underserved Populations
News Release 2020-89 | July 10, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency today announced the launch of Project REACh to promote financial inclusion through greater access to credit and capital. REACh stands for Roundtable for Economic Access and Change and brings together leaders from the banking industry, national civil rights […]
IRS provides last-minute tips for last-minute filers
IR-2020-148, July 10, 2020 WASHINGTON — With the July 15 tax-filing deadline − postponed from April 15 – only a few days away, the IRS is reminding taxpayers who have yet to file their tax returns that IRS.gov has tools and services to help them meet their tax obligations. IRS tax help is available 24 […]
IRS says a Paycheck Checkup helps avoid tax surprises
IR-2020-149, July 10, 2020 WASHINGTON — The Internal Revenue Service is reminding taxpayers that using the IRS Tax Withholding Estimator to do a Paycheck Checkup can help them have the right amount of tax withheld and avoid surprises when filing next year. Because income taxes are pay-as-you-go, taxpayers are required by law to pay most […]
FTC to Host Virtual Workshop July 13 on Proposed Changes to Safeguards Rule
WHAT: The Federal Trade Commission will host a virtual workshop to seek input on proposed changes to the Gramm-Leach-Bliley Act’s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program. WHEN: Monday, July 13, 2020, 9 a.m. – 4:30 p.m. ET . WHERE: The workshop will be held online. A […]
FTC Order Stops the Marketer of “Thrive” Supplement from Making Baseless Claims It Can Treat, Prevent, or Reduce the Risks from COVID-19
The California-based marketer of a supplement called Thrive, which consists mainly of Vitamin C and herbal extracts, is barred from continuing to make baseless claims that it can treat, prevent, or reduce the risk of COVID-19, under an administrative settlement with the Federal Trade Commission announced today. The FTC proposed order also bars the marketer […]
Uncharted Society to Offer Experiences to Explore Epic Playgrounds on Sea-Doo, Can-Am or Ski-Doo Vehicles
Uncharted Society provides experiential activities on BRP vehicles to offer adventure seekers the opportunity to explore every kind of playground without having to own their vehicle. ©BRP 2020 Valcourt, Quebec, Canada, July 9, 2020 – Today, BRP (TSX: DOO, NASDAQ: DOOO) launched a new pilot program, Uncharted Society, that will offer more than 40 expertly […]