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Italy and Spain also offered to limit the scope of a proposed global digital tax, a concession after the U.S. threatened to hit countries with tariffs if they moved ahead with levies on tech companies.June 26
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Treasury Secretary Steven Mnuchin said he may consider a second extension in the U.S. tax filing deadline as the coronavirus pandemic continues.June 24
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The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses.June 22
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The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.June 17
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The IRS and the Treasury gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn’t get them done in time due to the COVID-19 pandemic.June 15
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The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.June 8
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Senate Majority Leader Mitch McConnell will attempt to expedite approval of changes to the popular Paycheck Protection Program aimed at giving small businesses more flexibility in using the money from the fund, according to Senate aides.June 2
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The Treasury Department and the Small Business Administration released an interim final rule after posting the loan forgiveness application.May 26
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A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.May 22
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The application from the Treasury leaves many questions unanswered.May 19
