Chester County News and Community Website
WASHINGTON, D.C. — The U.S. Department of the Treasury has announced significant changes to the enforcement of the Corporate Transparency Act, including a decision not to impose penalties or fines …
Treasury Slashes Burdensome Rules, Offers Relief to Small Businesses and Taxpayers Read More
WASHINGTON, D.C. — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in partnership with Australia’s Department of Foreign Affairs and Trade and the United Kingdom’s Foreign …
Crackdown on Russian Cybercrime Network: U.S., Australia, and UK Unite to Block Ransomware Infrastructure Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have introduced proposed regulations mandating automatic enrollment provisions for newly established 401(k) and 403(b) retirement plans under …
Treasury and IRS Propose Rules Mandating Automatic Enrollment in New Retirement Plans Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have unveiled proposed regulations addressing key provisions of the SECURE 2.0 Act related to retirement plan catch-up …
Treasury and IRS Propose New Rules for SECURE 2.0 Catch-Up Contributions Read More WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations classifying certain partnership related-party basis adjustment transactions as transactions of interest (TOIs). These …
Treasury and IRS Finalize Rules on Partnership Basis Shifting Transactions Read More
EXTON, PA — The U.S. Treasury Department has informed the Chester County Economic Development Council (CCEDC) that the organization has achieved the next major step in becoming a Community Development …
Chester County Economic Development Council Awarded $300,000 on Path to Becoming a Community Development Financial Institution Read More
WASHINGTON, D.C. — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently released final regulations designed to broaden the availability of clean energy tax credits for entities …
IRS and Treasury Open Floodgates for Clean Energy Funding in Game-Changing Tax Credit Rule Read More
WASHINGTON, D.C. — In a decisive move to safeguard national security, the Biden Administration has introduced a stringent final rule aimed at monitoring and regulating U.S. investments in countries identified …
U.S. Tightens Security Measures with New Investment Screening Rule Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have unveiled detailed guidance regarding the Energy Efficient Home Improvement Credit and the Advanced Manufacturing Production …
Treasury and IRS Issue New Guidance on Energy Efficient Home Improvement and Advanced Manufacturing Credits Read More
WASHINGTON, D.C. — In a pivotal move to broaden healthcare access, the Biden-Harris Administration has unveiled new proposed regulations aimed at enhancing the Affordable Care Act’s (ACA) coverage of preventive …
Biden-Harris Administration Proposes Expansion of Preventive Health Coverage Under ACA Read More