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US Department of the Treasury

News
COVID-19: Social Security Recipients Will Automatically Receive Economic Impact Payments COVID-19: Social Security Recipients Will Automatically Receive Economic Impact Payments
Covid-19: Social Security Recipients Will Automatically Receive Economic Impact Payments Seniors and others who receive Social Security will automatically receive an economic impact payment associated with the novel coronavirus (COVID-19) pandemic. The U.S. Department of the Treasury and the IRS announced on Wednesday, April 1, that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive the benefit, payments will be automatically deposited into their bank accounts. “Social Security recipients who are not typically required to file a tax return do not need to take any action, and will receive t…

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by Kathy Reakes
Politics
NY Attorney General Sues Trump Treasury, IRS To Find Out Why Donor-Reporting Rule Was Scrapped NY Attorney General Sues Trump Treasury, IRS To Find Out Why Donor-Reporting Rule Was Scrapped
NY Attorney General Sues Trump Treasury, IRS To Find Out Why Donor-Reporting Rule Was Scrapped New York Attorney General Letitia James is once again taking on President Donald Trump’s administration, this time targeting the Treasury Department over failure to provide legally-required information. James announced that she and her contemporaries in New Jersey have filed a lawsuit against the U.S. Department of the Treasury and the IRS for failing to respond to records requests concerning the elimination of donor disclosure requirements for non-tax-exempt groups. According to James, the lawsuit “asks the court to compel the Treasury Department and IRS to respond as required by law to re…

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by Zak Failla