Senate Finance Committee (SFC) Chair Orrin Hatch, R-Utah, introduced two bipartisan bills on July 12 intended to protect taxpayers: the Stolen Identity Refund Fraud Prevention Bill (Sen 3157) and the Taxpayer Protection Bill of 2016 (Sen 3156). Sen 3157 would implement guidelines for the IRS in handling
Read more →The Financial Crimes Enforcement Network (“FinCEN”) is issuing these FAQs to assist covered financial institutions in understanding the scope of the Customer Due Diligence Requirements for Financial Institutions,” published on May 11, 2016 (the “CDD Rule”), available at https://www.gpo.gov/fdsys/pkg/FR-2016-05-11/pdf/2016-10567.pdf . These FAQs provide interpretive guidance with respect
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