Treasury, IRS issue final regulations naming certain charitable remainder annuity trust transactions as listed transactions

IR-2026-82, July 8, 2026 —The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain arrangements purporting to be Charitable Remainder Annuity Trusts as listed transactions.

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IRS simplifies penalty relief, introduces automatic process for eligible taxpayers

IR-2026-83, July 8, 2026 — The Internal Revenue Service today announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.

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Read more about the article SEC Forms New Retail Fraud Working Group
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SEC Forms New Retail Fraud Working Group

The Securities and Exchange Commission today announced the creation of the Retail Fraud Working Group designed to strengthen the Division of Enforcement’s efforts to identify and combat fraud targeting everyday investors.The Retail Fraud Working Group…

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IRS, Security Summit launch summer series to help tax pros protect clients from identity theft

IR-2026-81, July 7, 2026 — The IRS and Security Summit partners today launched the summer “Protect Your Clients; Protect Yourself” campaign, a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats.

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Read more about the article SEC Names Paul Knight as Chief Operating Officer
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SEC Names Paul Knight as Chief Operating Officer

The Securities and Exchange Commission today announced that Paul Knight has been named as the agency’s Chief Operating Officer (COO).As COO, Mr. Knight will oversee the SEC's operational and administrative functions, including the agency's Office of…

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Read more about the article SEC Seeks Public Comment on Novel Exchange-Traded Funds
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SEC Seeks Public Comment on Novel Exchange-Traded Funds

The Securities and Exchange Commission today issued a request for public comment on exchange-traded funds (ETFs) seeking to invest in innovative asset classes or engage in novel investment strategies. The request focuses on ways to facilitate innovation…

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