Published: Jan 10, 2025 . Publicly Released: Jan 10, 2025 .
Fusion—the process that powers the sun—could produce commercial electricity to help meet growing clean energy needs. But there are technical, economic, and other challenges. The Department of Energy's Fusion Energy Sciences program has started investing in public-private partnership initiatives and taken steps to develop a fusion energy strategy. For example, it has partnered with industry and universities on research and development to design fusion power...
GAO-25-107571
Published: Jan 8, 2025 . Publicly Released: Jan 8, 2025 .
The U.S. food supply is generally considered safe, but tens of millions of people get sick from foodborne illnesses each year. Our Q&A report examines the Food and Drug Administration's role in ensuring the safety of the nation's food. The FDA inspects domestic and foreign food facilities to try to prevent outbreaks before they occur. But it hasn't met mandated targets for these inspections since...
GAO-25-107020
Published: Jan 8, 2025 . Publicly Released: Jan 8, 2025 .
Many older adults need services as they age, such as meal programs or in-home care. Demand for programs that provide these services continues to grow as the U.S. population ages. Multiple agencies provide services for older adults. The Department of Health and Human Services coordinates with agencies to avoid duplication between programs. Some overlap between programs for older adults is beneficial because of variations in...
GAO-25-107876
Published: Jan 7, 2025 . Publicly Released: Jan 7, 2025 .
IASB
9 Jan 2025
8 Jan 2025
IRS
IR-2025-10, Jan. 10, 2025 — The Internal Revenue Service announced today tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025.
IR-2025-09, Jan. 10, 2025 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision generally requiring newly-established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year.
IR-2025-08, Jan. 10, 2025 — The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts.
IR-2025-07, Jan. 10, 2025 — The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace retirement plan that generally are allowed with respect to employees who are age 50 or older.
IR-2025-06, Jan. 10, 2025 — The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain partnership related-party “basis shifting” transactions as transactions of interest – TOIs – subject to the rules for reportable transactions.
IR-2025-05, Jan. 8, 2025 — The Internal Revenue Service today granted taxpayers an extra day, until Friday, Jan. 10, 2025, to file any return or pay any tax originally due on Thursday, Jan. 9.
IR-2025-04, Jan. 8, 2025 — National Taxpayer Advocate Erin M. Collins today released her 2024 Annual Report to Congress, finding overall improvement in IRS taxpayer service but also highlighting persistent challenges, particularly delays in processing Employee Retention Credit (ERC) claims and resolving Identity Theft Victim Assistance cases.
IR-2025-03, Jan. 7, 2025 — The Internal Revenue Service announced today that the IRS Free File Guided Tax Software will be available Friday for taxpayers ahead of the official start of tax season later this month.
IR-2025-02, Jan. 7, 2025 — The Internal Revenue Service today encouraged taxpayers who paid too little tax in 2024 to make a fourth quarter estimated tax payment on or before Jan. 15, 2025.
NYS
January 6, 2025
SEC
2025-3
Washington D.C., Jan. 13, 2025 — The Securities and Exchange Commission today charged registered broker-dealer BMO Capital Markets Corp. with failing to supervise employees who, from December 2020 until May 2023, sold mortgage-backed bonds using offering sheets and bond metrics that were misleading and did not accurately describe the characteristics of the collateral backing the bonds. To settle the charges, BMO agreed to pay more than $40 million in disgorgement, prejudgment interest, and a civil penalty.
2025-2
Washington D.C., Jan. 10, 2025 — The Securities and Exchange Commission today announced settled charges against broker-dealer Liquidnet Inc., an operator of multiple alternative trading systems (ATSs), for failing to have necessary controls and procedures regarding market access, for failing to protect confidential subscriber trading information, and for related disclosure failures. Liquidnet agreed to pay a $5 million civil penalty to resolve the SEC's charges.
2025-1
Washington D.C., Jan. 10, 2025 — The Securities and Exchange Commission today announced settled charges against Vince McMahon, the former Executive Chairman and CEO of World Wrestling Entertainment Inc., for signing two settlement agreements, one in 2019 and one in 2022, on behalf of himself and WWE without disclosing the agreements to WWE’s Board of Directors, legal department, accountants, financial reporting personnel, or auditor. Doing so circumvented WWE’s system of internal accounting controls and caused material misstatements in WWE’s 2018 and 2021 financial statements.