IR-2026-121, Oct. 14, 2026 — The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations to implement President Trump’s Working Families Tax Cuts reforms to the Premium Tax Credit (PTC), a refundable tax credit that helps eligible American taxpayers afford health insurance purchased through the Health
IR-2026-122, Oct. 14, 2026 — The Internal Revenue Service today announced that, in response to the President’s Oct. 5, 2026, Executive Order, Emergency Tax Relief on Diesel Fuel, it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide.
Under the Bank Secrecy Act (BSA), 31 U.S.C. 5311 et seq., and its implementing regulations at 31 C.F.R. Chapter X (formerly 31 C.F.R. Part 103), FinCEN may bring an enforcement action for violations of the reporting, recordkeeping, or other requirements of the BSA. FinCEN's Office of Enforcement evaluates enforcement matters
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that it has assessed a $1.2 billion penalty against Bank of America, N.A. (Bank of America) for its failure to mitigate and report priority national security risks, including Chinese money laundering networks and illicit finance along the
IR-2026-120, Oct. 7, 2026 — The Internal Revenue Service today highlighted its partnership with the United Kingdom’s whistleblower program, which drew upon the IRS Whistleblower Office’s expertise to quickly get established.
The Financial Crimes Enforcement Network (FinCEN) is withdrawing the following proposed rules that would have imposed certain regulatory requirements on financial institutions related to certain digital assets, specifically convertible virtual currencies:
IR-2026-119, Oct. 2, 2026 — The Internal Revenue Service today encouraged taxpayers to take simple steps to strengthen online security during Cybersecurity Awareness Month.
IR-2026-117, Oct. 1, 2026 — The Department of the Treasury and the IRS issued proposed regulations to implement the new Federal Scholarship Tax Credit under section 25F, commonly known as the Education Freedom Tax Credit, the first federal tax credit supporting private contributions for K-12 scholarships.
Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury took unprecedented action against the A7 Network, a shadow banking network with ties to Russia used by the Iranian regime to evade sanctions. Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would prohibit transmittals of