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SEC Chair Speaks About the Treasury Markets and the Debt Ceiling Discussions

Reynolds Holding

5] After all we achieved to reform the swaps markets, Scott O’Malia—your CEO and a former fellow CFTC Commissioner—has asked me to return for yet another lively Chicago discussion, this time about our work in the $24 trillion Treasury markets. Treasuries are embedded in money market funds. Treasuries are embedded in money market funds.

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Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act

Machen McChesney

Treasury Department and the IRS, on December 29, 2022, released information on the clean vehicle provisions of the Inflation Reduction Act. The new guidance provides greater clarity to consumers and businesses that, beginning January 1, 2023, are able to access tax benefits from the law’s clean vehicle provisions.

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Buyback Tax Regs Must Be Practical, Treasury Official Says

Law 360 M&A

The IRS and Treasury are working to get out proposed rules on the new excise tax on stock repurchases while also trying to ensure that the agency can administer and enforce the rules, a Treasury official said Saturday.

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Official Says Treasury Pushing Regs For Consolidated Groups

Law 360 M&A

Department of the Treasury is advancing several regulations for corporations filing consolidated tax returns, including guidance that would fix existing obsolete rules, an official said Tuesday.

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Treasury, IRS Provide Guidance on Advanced Energy Project Credits

Trout CPA

Department of the Treasury and the Internal Revenue Service released guidance on February 13, 2023, providing taxpayers with information and timelines on the program under Section 48C(e)(1) for the allocation of $10 billion of Section 48C credits under the recently passed Inflation Reduction Act.

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Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations

LaPorte

(authored by RSM US LLP) The Treasury Department and the IRS released the 2022-2023 Priority Guidance Plan, which contains a number of items affecting exempt organizations. The post Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations first appeared on LaPorte.

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Treasury Official Says Too-Big-To-Fail Merger Rubric Needed

Law 360 M&A

Treasury Department's top bank policy official said Friday that regulators should formally adopt a "standardized" rubric to vet bank merger deals for their potential to create too-big-to-fail financial institutions, calling for more rigorous financial stability evaluations that would include looking at sample living wills.