IR-2025-122, Dec. 19, 2025 — The Department of the Treasury and the Internal Revenue Service today provided guidance for taxpayers claiming the tax credit for carbon capture and sequestration, which was expanded and modified in the One, Big, Beautiful Bill. Notice 2026-01 provides a safe harbor for taxpayers that wish
WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) held a FinCEN Exchange, a public-private partnership event aimed at countering illicit finance. The event—which convened global financial institutions, federal law enforcement agencies, and Treasury officials—focused on denying individual Chinese money launders access to the U.S. and global financial
IR-2025-123, Dec. 19, 2025 — The Internal Revenue Service Whistleblower Office today announced that it is making it easier for whistleblowers to report tax noncompliance to the IRS with the launch of the new digital Form 211, Application for Award for Original Information.