Treasury Department

Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses — for now, at least.

The Institute is urging the Treasury to suspend and remove final regulations labeling some partnership related-party transactions as "transactions of interest."

The Treasury announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting.

The Treasury Secretary said one person at the Internal Revenue Service "is looking at an outdated IT system, that's all they're doing."

A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.

Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.

Elon Musk will dispatch a team to gain read-only access to the government's central accounting system.

Bessent said the Internal Revenue Service would be largely spared from DOGE's cost-cutting — at least until after the April 15 filing deadline.

In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence.

Decentralized finance companies are breathing a sigh of relief after the Treasury and the Internal Revenue Service gave them a two-year delay on reporting.

When Elon Musk's team gained access to the computer network where data of nearly every American is stored, it caused alarm across the country.

Bessent is expected to be a key advocate for the Trump administration's much-anticipated tax cut package.

The incoming Treasury chief will have to reconcile his deficit-reduction plans with the Trump administration's much-anticipated tax cuts.

The Supreme Court stayed an injunction on the CTA and its beneficial ownership information requirement, but it remains on hold due to a separate injunction.

Sen. Tommy Tuberville and Rep. Warren Davidson reintroduced legislation to repeal the Corporate Transparency Act and its beneficial ownership information reporting.

Treasury Secretary nominee Scott Bessent warned of an economic crisis that will hammer middle- and working-class people if the 2017 tax cuts aren't extended.

The IRS and the Treasury Department issued proposed regs and reporting requirements for multiyear corporate separations and a draft form.

Proposed new rules were issued for the tax credit for qualified commercial clean vehicles, along with guidance on claiming tax credits for clean fuel.

The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

A federal court has issued another injunction halting enforcement of the Corporate Transparency Act and its BOI reporting requirement.