Chester County News and Community Website
WASHINGTON, D.C. — A recently unveiled analysis by the U.S. Department of the Treasury and the Internal Revenue Service (IRS) offers an insightful take on the potential of IRS modernization. …
Bolstering IRS Modernization Could Unlock Billions in Revenue, Fresh Analysis Indicates Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) and the Department of the Treasury have unveiled new guidelines regarding the qualified alternative fuel vehicle refueling property credit. These guidelines, issued …
IRS and Treasury Department Outline New Guidelines for Alternative Fuel Vehicle Refueling Property Credit Read More The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has initiated a pivotal measure aimed at enhancing financial transparency and limiting illicit finance in the United States. The …
US Treasury Department Rolls Out Beneficial Ownership Registry to Curb Illicit Finance Read More
The United States Treasury Department and the Internal Revenue Service (IRS) have jointly issued a set of proposed regulations outlining the administration of the tax credit for clean hydrogen production. …
Treasury Department Unveils Proposed Regulations for Tax Credit on Clean Hydrogen Production Read More The United States Treasury Department and the Internal Revenue Service (IRS) have jointly issued Notice 2024-05, providing updated guidance on the commercial clean vehicle credit. This notice, which pertains to …
Treasury Department Extends Safe Harbor for Commercial Clean Vehicle Credit in 2024 Read More
U.S. Senator Bob Casey (D-PA) has voiced concerns over the Biden Administration’s proposed rule for the 45V hydrogen production tax credit. The proposed rule, aimed at jumpstarting clean hydrogen production …
Senator Casey Questions Biden Administration’s Proposed Hydrogen Tax Credit Rule Read More
The Internal Revenue Service (IRS) has announced that it is accepting nominations for the Electronic Tax Administration Advisory Committee (ETAAC) through January 31, 2024. The ETAAC serves as a public …
IRS Calls for Electronic Tax Administration Advisory Committee Nominations Read More
PENNSYLVANIA — The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, will require many companies in the United States to disclose information regarding their …
U.S. Companies to Report Beneficial Ownership to FinCEN Starting 2024 Read More
Five U.S. Senators, Bob Casey (D-PA), John Fetterman (D-PA), Tammy Baldwin (D-WI), Sherrod Brown (D-OH), and Tina Smith (D-MN) penned a letter to U.S. Department of the Treasury Secretary Janet …
U.S. Senators Call for Amendment in Renewable Energy Tax Credit Guidance Read More
In a land where the Declaration of Independence is considered one of our nation’s founding documents, where is the independent relationship between a lender and a borrower using funds from …
COVID-19: Where Is the Independent Relationship Between a Lender and A Borrower Using Funds from the American Taxpayers? Read More