IRS updates FAQs on qualified overtime deduction
IR-2026-88, Aug. 6, 2026 — The Internal Revenue Service today updated frequently asked questions about the deductions for qualified overtime compensation.
IR-2026-88, Aug. 6, 2026 — The Internal Revenue Service today updated frequently asked questions about the deductions for qualified overtime compensation.
The Securities and Exchange Commission today announced it is establishing a new specialized unit within the Division of Enforcement to provide the dedicated expertise, focus, and capacity to pursue accounting and financial reporting fraud cases as well…
IR-2026-86, Aug. 5, 2026 — The Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2026-28, providing guidance on the employer credit for paid family and medical leave (PFML) under the Working Families Tax Cuts (WFTC).
IR-2026-85, Aug. 4, 2026 — The Internal Revenue Service and Security Summit partners today warned tax professionals to watch for phishing emails and other schemes designed to steal sensitive taxpayer data.
IR-2026-85, Aug. 4, 2026 — The Internal Revenue Service and Security Summit partners today warned tax professionals to watch for phishing emails and other schemes designed to steal sensitive taxpayer data.
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
WASHINGTON—Today, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering and countering the financing of terrorism law that safeguards the financial system from
The Securities and Exchange Commission announced that the Small Business Capital Formation Advisory Committee meeting held on July 21, 2026, will reconvene August 6, 2026, at 1 p.m. ET, virtually, on SEC.gov. The committee will…
IR-2026-84, July 28, 2026 — The Internal Revenue Service today highlighted the upcoming National Whistleblower Day, and the important role whistleblowers play in exposing fraud, reducing the tax gap, and strengthening compliance.