A change in tax rules will make it possible for workers to buy a type of annuity often called longevity insurance inside their retirement plans. NYT.» Read More
WASHINGTON— The Treasury Department on Thursday targeted a procurement network suspected of helping Hezbollah, an Islamic militant group based in Lebanon.
WASHINGTON— The U.S. Treasury Department on Wednesday sanctioned three companies suspected of aiding the Syrian government, which is fighting opposition forces in a civil war that has killed more than 160,000 people.
WASHINGTON— Interest rates on short-term Treasury bills fell in Monday's auction, with rates reaching their lowest level in two weeks. The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.030 percent, down from 0.040 percent last week.
SAN JUAN, Puerto Rico— The U.S. Treasury Department says the government has received a total of $946 million in repayment from the Puerto Rican bank Popular Inc. as part of a federal bailout program.
DENVER— A marijuana business in Colorado has filed a lawsuit against the Internal Revenue Service for assessing a penalty for paying taxes in cash. The IRS charges a 10 percent penalty on cash payments for federal employee withholding taxes. Medical marijuana dispensary Allgreens LLC of Denver is challenging the IRS practice of fining cash payments in U.S.
NEW YORK, July 1- The U.S. Treasury Department has just given a tax break and its blessings to retirement savers who want to buy long-term deferred annuities in their 401 and individual retirement accounts.
WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction, with rates on three-month bills climbing to their highest level since late March. The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.040 percent, up from 0.025 percent last week.
Greisman pleaded guilty to conspiracy, tax evasion and Internal Revenue Service obstruction charges in 2009. Four other BDO partners or employees had also pleaded guilty in the case. BDO USA, as the accounting firm is now known, agreed in June 2012 to pay $50 million to resolve related government claims through a deferred prosecution agreement.
WASHINGTON, June 3- The U.S. Senate on Tuesday confirmed Treasury Department official Timothy Massad to be chairman of the U.S. Commodity Futures Trading Commission. Senators also confirmed Chris Giancarlo, a swaps industry veteran, as a member of the five-person commission. Both were approved by a voice vote in the Senate.
More than 77,000 foreign banks and financial institutions have agreed to share US tax information with the IRS.
WASHINGTON/ ST LOUIS, June 3- Two powerful U.S. congressmen have opened separate inquiries into whether a Department of the Treasury bureau charged with policing money laundering may have flouted federal hiring rules, including regulations that require military veterans be given preference for government jobs.
WASHINGTON, June 2- About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant to fight tax dodging by Americans, the U.S. Treasury Department said on Monday.
In April, the New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.
In April, The New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.
WASHINGTON, May 22- U.S. government workers owed $3.3 billion in delinquent taxes last year but were still better at staying current with the Internal Revenue Service than the general public, the IRS said on Thursday. About 3.3 percent of federal workers were delinquent on their taxes in fiscal 2013, versus 8.7 percent of all U.S. taxpayers, the IRS said.
Richard Kovacevich, former chairman & CEO of Wells Fargo, says the biggest mistake the Fed made during the financial crisis was rescuing Bear Stearns which was half the size of Lehman.
Richard Kovacevich, former chairman and CEO of Wells Fargo, explains why he thinks former Treasury Secretary Tim Geithner's new book is a justification for bad decisions.
The Treasury Department said the sanctions would freeze any US assets held by the individuals and bar Americans from doing business with them.
WASHINGTON, May 19- A proposal to make the U.S. Internal Revenue Service hire private companies to collect unpaid taxes is dividing Senate Democrats, with some warning it could lead to harassment of low-income people, but others saying it would boost tax revenue.
Mary Miller, U.S. Treasury Undersecretary, shares her thoughts on regulating asset managers and the three areas they are looking at that may pose risk.