IR-2020-207, September 10, 2020 WASHINGTON — The Internal Revenue Service today urged individuals who owe taxes but have not yet filed for 2019 to act now to avoid larger penalties that, by law, start after September 14. The tax deadline was July 15 this year. Taxpayers who submitted an extension have until October 15 to […]
Monthly Archives: September 2020
Treasury Sanctions Russia-Linked Election Interference Actors
Washington – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four Russia-linked individuals for attempting to influence the U.S. electoral process. Russia uses a variety of proxies to attempt to sow discord between political parties and drive internal divisions to influence voters as part of Moscow’s broader efforts to undermine […]
FTC Releases Agenda for September Workshop on Data Portability
The Federal Trade Commission has released the agenda for its September 22, 2020, workshop that will examine the potential benefits and challenges to consumers and competition raised by data portability. Data portability gives consumers more control over their data, allowing them to move data—such as emails, contacts, calendars, financial information, health information, favorites, friends, or content […]
IRS adds six more forms to list that can be signed digitally; 16 now available
IR-2020-206, September 10, 2020 WASHINGTON — On August 28, the IRS announced that it would temporarily allow the use of digital signatures on certain forms that cannot be filed electronically. Today, the agency added several more forms (PDF) to that list. The IRS made this decision to help protect the health of taxpayers and tax […]
Third quarter estimated tax payments due Sept. 15
IRS YouTube Video: IR-2020-205, September 9, 2020 WASHINGTON — The Internal Revenue Service today reminded the self-employed, investors, retirees and others with income not subject to withholding that third quarter estimated tax payments for 2020 are due September 15. Taxes are paid as income is received during the year through withholding from pay, pension or […]
Operators of Student Debt Relief Scheme Agree to Pay at Least $835,000 to Settle FTC Allegations
The operators of a student loan debt relief scheme will pay at least $835,000 to settle Federal Trade Commission allegations that they charged illegal upfront fees and made false promises to consumers struggling with student loan debt. The settlement resolves FTC litigation against Carey G. Howe, Anna C. Howe, Shunmin Hsu, Ruddy Palacios, and Oliver […]
IRS expands tax help into more languages; Form 1040 offered in Spanish and more services, information available in multiple languages
IR-2020-204, September 9, 2020 WASHINGTON — As part of a larger effort to reach underserved communities, the Internal Revenue Service is taking a number of aggressive steps to expand information and assistance available to taxpayers in additional languages, including providing the Form 1040 in Spanish for the first time. In addition to being available in […]
Peloton Interactive, Inc. to Host Virtual Investor and Analyst Session on September 15, 2020
NEW YORK, Sept. 08, 2020 (GLOBE NEWSWIRE) — Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the Company will be hosting a Virtual Investor and Analyst Session on Tuesday, September 15, 2020. Management’s presentation will begin at 1:00 PM ET and will be followed by a Q/A session. The event is expected to conclude by […]
OCC OMWI Executive Director Testifies on Diversity and Inclusion Efforts
News Release 2020-118 | September 8, 2020 Share This Page: WASHINGTON— The Office of the Comptroller of the Currency (OCC) Executive Director for the Office of Minority and Women Inclusion Joyce Cofield testified before the U.S. House Committee on Financial Services Subcommittee on Diversity and Inclusion. Ms. Cofield discussed the OCC’s commitment and actions promoting diversity […]
Peloton Expands Product Suite With All New Bike+ And Tread, Offering More Ways For People To Access And Enjoy World-Class At-Home Fitness
Original Peloton Bike and new Tread offered at lower price points; Peloton Bike can now be financed for $49 USD a month The Bike+ introduces new features and content designed to offer total body training NEW YORK, Sept. 8, 2020 /PRNewswire/ — Peloton (NASDAQ: PTON) today announced the introduction of the Peloton Bike+ and the new […]