IR-2020-227, October 1, 2020 WASHINGTON — The Internal Revenue Service posted to IRS.gov final regulations PDF today for Achieving a Better Life Experience (ABLE) accounts. The regulations issued today finalize two previously issued proposed regulations. The first proposed regulation was published in 2015 after the enactment of the ABLE Act. The second proposed regulation was published […]
Monthly Archives: October 2020
IRS provides details about settlements in syndicated conservation easement transaction initiative
IR-2020-228, October 1, 2020 WASHINGTON — As the Internal Revenue Service continues combatting abusive syndicated conservation easements, the agency today released additional information to help address questions related to the ongoing settlement initiative. Today the Internal Revenue Service Chief Counsel released Chief Counsel Notice 2021-001 PDF (“CC Notice”), which contains information regarding Chief Counsel’s settlement initiative for […]
Treasury Department Issues Ransomware Advisories to Increase Awareness and Thwart Attacks
Advisories provide guidance and tools to recognize, resist, and report attacks WASHNGTON—The U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence today issued a pair of advisories to assist U.S. individuals and businesses in efforts to combat ransomware scams and attacks, which continue to increase in size and scope. Anti-money laundering and sanctions […]