An Acton man was sentenced in federal court in Boston in connection with his scheme to cheat the U.S. Treasury Department for $50 million in tax-free energy grants as part of the American Recovery and Reinvestment Act of 2009.
Rep. Madison Cawthorn broke congressional ethics rules by improperly promoting a crypto currency, says a report made public Dec. 6.
This story was updated at 3:08 p.m. EST. Tax breaks for conserving privately owned land could face much stricter scrutiny under new regulations proposed by the IRS. The Treasury Department and the IRS announced the new rules Tuesday, part of an effort to end the yearslong battle — both in courtrooms and on Capitol Hill — over whether some private landowners have turned conservation easement tax incentives into abusive tax shelters.
The UK, US, and EU are working with Ankara to clear an oil tanker pile-up in Turkish waters. Oil tankers have begun piling-up off Turkish shores, as Ankara demands proof of insurance coverage. EU's $60 a barrel price cap on Russian crude kicked in Monday, which is impacting shipping and...
BOSTON (AP) — A Massachusetts man who participated in a scheme to defraud the U.S. government out of about $50 million in tax-free grants intended to fund clean energy projects has been sentenced to seven years in prison, federal prosecutors said Wednesday. Christopher N. Condron, 50, was also sentenced...
A debt ceiling bomb nears as government spending balloons
Voice of America
Washington — A Ukrainian politician and businessman accused of spying for Russia and seeking to sway the 2020 U.S. presidential election has been charged with money laundering and other crimes in connection with his secret purchase of two Beverly Hills condominiums, the Justice Department announced on Wednesday. Andrii Derkach,...
IRS and Treasury Department Release Initial Guidance for Labor Requirements under Inflation Reduction Act
On November 30, 2022, the IRS and the Treasury Department published Notice 2022-61 (the Notice) in the Federal Register. The Notice provides guidance regarding the prevailing wage requirements (the Prevailing Wage Requirements) and the apprenticeship requirements (the Apprenticeship Requirements and, together with the Prevailing Wage Requirements, the Labor Requirements), which a taxpayer must satisfy to be eligible for increased amounts of the following clean energy tax credits under the Internal Revenue Code of 1986 (the Code), as amended by the Inflation Reduction Act of 2022 (the “IRA”):
The Financial Crimes Enforcement Network is treating digital asset law enforcement as a “key priority area” as federal agencies work to research and develop regulations to safeguard the cryptocurrency industry for consumers. Speaking during the ABA/ABA Financial Crimes Enforcement Conference on Tuesday, Acting FinCEN Director Himamauli Das briefly...
Louisiana Awarded Up to $113 Million by U.S. Treasury To Support Small Business Growth in the State. Louisiana – The Louisiana Office of the Governor announced on Tuesday, December 6, 2022, that the US Treasury has approved Louisiana’s application for up to $113 million in federal funding for small business owners and entrepreneurs as part of the $10 billion State Small Business Credit Initiative (SSBCI).
With soaring inflation causing concerns for your investments, US savings bonds are considered a safe bet, since they’re fully backed by the government. In October we told you to buy Series I bonds in order to lock in an interest rate of 9.62%, hhe reason being that in November, the Treasury Department dialed back the yield to a (still high!) 6.89%. So many people tried to do just that, the I bond web portal became basically unusable at the end of October.
A pro-Russian Ukrainian official who fed Rudy Giuliani before the 2020 election now faces federal tariffs in the United States. Federal prosecutors in Brooklyn charged Andriy Derkach, a former Ukrainian congressman, with money laundering and bank fraud and called him a “Russian intelligence agent. “. Derkach’s call may not...
A report published on Dec. 6 states that Representative Madison Cawthorn violated congressional ethics standards by unlawfully promoting crypto which he held a financial stake. Congressman from Western North Carolina “improperly marketed a crypto in which he held a financial stake in defiance of conflict of interest regulations,” according to a seven-month probe by the House Ethics Committee.