IR-2020-187, August 24, 2020 WASHINGTON — The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until August 31 to rollover or repay the distribution to avoid paying taxes. The Coronavirus Aid, Relief, and Economic Security Act, or CARES […]
Monthly Archives: August 2020
Tesla Announces Updates to 2020 Annual Meeting of Stockholders and Battery Day Event
PALO ALTO, Calif., Aug. 21, 2020 (GLOBE NEWSWIRE) — Tesla, Inc. today announced updates to the time, format and location of its 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”). Tesla also announced information regarding its separate Battery Day event. Although Tesla believes that the best stockholder experience is a fully in-person annual meeting […]
Agencies Issue Statement on Bank Secrecy Act Due Diligence Requirements for Customers Who May Be Considered Politically Exposed Persons
News Release 2020-108 | August 21, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the […]
Treasury Releases United States Postal Service Fact Sheet
WASHINGTON – The U.S. Department of the Treasury today published a fact sheet on Treasury’s role as lender to the United States Postal Service (USPS). Secretary Steven T. Mnuchin serves as the Chairman of the Federal Financing Bank, the sole lender to USPS, and as Chair of the Task Force on the United States Postal System […]
FTC and State of Wisconsin Warn Hearing Aid Sellers About Deceptive Stimulus Payment Claims
Federal Trade CommissionHeadquarters:600 Pennsylvania Avenue, NWWashington, DC 20580Contact Us Related posts: FTC Approves Final Order Imposing Conditions on Merger of Titanium Dioxide Companies Tronox Limited and Cristal Online Lending Company Agrees to Settle FTC Charges It Engaged in Deceptive and Unfair Loan Servicing Practices At FTC’s Request, Court Shuts Down Deceptive Mortgage and Debt Relief […]
Treasury Sanctions Senior Syrian Government Officials
Washington – Today, the U.S. Department of the Treasury continued the U.S. government’s campaign of pressure to compel the Bashar Al-Assad (Assad) regime to end its attacks against the Syrian people. Treasury’s Office of Foreign Assets Control (OFAC) took action against the Syrian presidential office and the Syrian Ba’ath Party through its designations of two […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Egyptian Ambassador to the United States Yasser Reda
WASHINGTON – Today U.S. Treasury Secretary Steven T. Mnuchin met with Egyptian Ambassador to the United States Yasser Reda. Secretary Mnuchin expressed his appreciation to the Ambassador for his service in Washington and engagement on a range of important issues, including the negotiations on the Grand Ethiopian Renaissance Dam, and wished him well. Related posts: […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Iraqi Finance Minister and Deputy Prime Minister Ali Allawi and Iraqi Ambassador to the United States Fareed Yassen
WASHINGTON – Today U.S. Treasury Secretary Steven T. Mnuchin met with Iraqi Finance Minister and Deputy Prime Minister Ali Allawi and Iraqi Ambassador to the United States Fareed Yassen. They discussed the economics track of the U.S.–Iraq Strategic Dialogue, the new government’s priorities for economic reforms and response to COVID-19, and opportunities to work together […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Iraqi Prime Minister Mustafa Al-Kadhimi
WASHINGTON – Today U.S. Treasury Secretary Steven T. Mnuchin met with Iraqi Prime Minister Mustafa al-Kadhimi. The Secretary and Prime Minister reaffirmed the partnership between the U.S. and Iraq and discussed collaborative efforts to promote economic stability, security and prosperity in Iraq, and to combat illicit finance and terrorism. Related posts: Treasury Takes Further Action […]
IRS urges employers to choose carefully when selecting a payroll service provider
Using a reputable firm or group can protect employers from fraud; options include PSPs, RAs and CPEOs IR-2020-186, August 19, 2020 WASHINGTON — The IRS reminded employers today to carefully choose their payroll service providers following continuing concerns that some disreputable organizations can fail to deposit employment taxes, leaving businesses vulnerable to unpaid bills. Many employers […]