Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2019 were released today and posted on the Treasury web site at (https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/shcreports.aspx). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 30, 2020. […]
Monthly Archives: August 2020
IRS provides tax relief for victims of Hurricane Laura; Oct. 15 deadline, other dates extended to Dec. 31
IR-2020-197, August 31, 2020 WASHINGTON — Victims of Hurricane Laura that began August 22 now have until December 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) […]
Thursday, Sept. 3 IRS webinar focuses on Opportunity Zones
IR-2020-198, August 31, 2020 WASHINGTON — The Internal Revenue Service is holding a free webinar designed to give an overview of Opportunity Zones and to discuss related tax benefits for investors. Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States. This free 75-minute webinar will […]
FTC Seeks to Add Real Estate Investment Celebrities Dean Graziosi and Scott Yancey as Defendants in Real Estate Training Case
The Federal Trade Commission is seeking to name celebrity real estate investment promoters Dean Graziosi and Scott Yancey as defendants in a case for their roles in a massive real estate training scheme that bilked consumers out of more than $400 million. Graziosi is known for his appearances in infomercials promoting his books on real estate […]
Settlements begin in syndicated conservation easement transaction initiative
IR-2020-196, August 31, 2020 WASHINGTON — As part of a continuing effort to combat abusive transactions, the Internal Revenue Service announced today the completion of the first settlement under its initiative to resolve certain docketed cases involving syndicated conservation easement transactions. On June 25, 2020, the IRS Office of Chief Counsel announced that it would […]
Acting Comptroller of the Currency Hosts Access to Capital Forum in Denver
News Release 2020-112 | August 28, 2020 Share This Page: DENVER—Acting Comptroller of the Currency Brian Brooks today hosted an “Access to Capital Forum” in Denver to promote investment and lending in underserved areas and to highlight activities supported by the Office of the Comptroller of the Currency’s (OCC) new Community Reinvestment Act (CRA) rule. “Today, […]
Treasury and IRS Issue Guidance Deferring Certain Payroll Tax Obligations
WASHINGTON – The U.S. Treasury Department and Internal Revenue Service (IRS) released guidance today on President Donald J. Trump’s memorandum of August 8, 2020 directing the Secretary of the Treasury to use his authority to defer certain payroll taxes. The guidance allows employers to defer withholding and paying the employee’s portion of the Social Security […]
Guidance issued to implement Presidential Memorandum deferring certain employee Social Security tax withholding
IR-2020-195, August 28, 2020 WASHINGTON — The Department of Treasury and Internal Revenue Service today issued guidance implementing the Presidential Memorandum issued on Aug. 8, 2020, allowing employers to defer withholding and payment of the employee’s portion of the Social Security tax if the employee’s wages are below a certain amount. Notice 2020-65, posted today […]
IRS approves temporary use of e-signatures for certain forms
IR-2020-194, Aug. 28, 2020 WASHINGTON – To protect the health of taxpayers and tax professionals, the Internal Revenue Service today announced it will temporarily allow the use of digital signatures on certain forms that cannot be filed electronically. The change will help to reduce in-person contact and lessen the risk to taxpayers and tax professionals […]
BRP REPORTS FISCAL YEAR 2021 SECOND QUARTER RESULTS
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