Chester County News and Community Website
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
The Treasury Department and Internal Revenue Service recently issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects if taxpayers satisfy certain prevailing …
Treasury and IRS: New Regulations on Prevailing Wage and Apprenticeship Requirements Read More
The Department of the Treasury and the Internal Revenue Service recenlty issued proposed regulations that would require brokers to report sales and exchanges of digital assets by customers.
New Treasury and IRS Regulations: Brokers’ Reporting for Digital Asset Sales and Exchanges Unveiled Read More
The Department of the Treasury and the Internal Revenue Service recently issued final regulations and Revenue Procedure 2023-27 to provide guidance for owners of certain solar or wind facilities built in connection with …
New IRS Regulations for Solar and Wind Projects in Low-Income Communities Read More
U.S. Senator Bob Casey (D-PA) is praising President Biden’s executive order to screen investments in national security sectors from countries of concern, including China. Casey emphasizes the need to protect …
President Biden Takes Action to Safeguard U.S. National Security & Technology from Foreign Competitors Read More
The Department of the Treasury and the Internal Revenue Service recently issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed transactions – abusive tax transactions …
New Treasury Regulations: Monetized Installment Sales and Similar Transactions Identified as Listed Abuses Read More
The Departments of Labor, Health and Human Services and the Treasury recently announced an important step in addressing the nation’s mental health crisis by proposing rules to better ensure that …
New Rules Proposed to Prioritize Mental Health Care Access, Mirroring Medical Treatments Read More
The Internal Revenue Service recently issued proposed regulations that provide guidance regarding the implementation of the elective payment provisions of the Advanced Manufacturing Investment Credit, established by the Creating Helpful Incentives …
Proposed IRS Regs for Advanced Manufacturing Investment: Revving up Semiconductors in the US Read More
Officials from the U.S. Department of the Treasury and Department of Commerce testified in front of the Senate Banking Committee on Wednesday about the importance of screening American companies’ investments …
Protecting America’s Innovation: Senate’s Proposal to Secure Supply Chains through Investment Screening Read More