Compliance News
Regulatory and enforcement updates that affect vendor validation and 1099 reporting — IRS notices and OFAC sanctions actions, collected here as they are published so your team doesn't have to watch several feeds. Every item links back to the original announcement.
Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties
Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third...
Russia-related Designation Update and Designation Removal
Specially Designated Nationals List UpdateThe following deletions have been made to OFAC's SDN List:KAMPERI, Kyriaki Demetriou (Greek: ΚΑΜΠΕΡΗ, Κυριακη Δημητριου) (a.k.a. KAMPERI, Koulla Demetriou; a.k.a. KAMPERI,...
Issuance of Amended Russia-related General License; Publication of Amended Russia-related Frequently Asked Questions
Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13P, "Authorizing Certain...
Counter Terrorism Designation Update
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following changes have been made to OFAC's SDN List:CLAN DEL GOLFO...
Transnational Criminal Organizations Designations; Issuance of Amended Russia-related General Licenses; Publication of Updated Russia-related Frequently Asked Questions
Press Release Link Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License...
Venezuela-related Designations
Venezuela-related Designations Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following entities...
Counter Narcotics Designation Update
Recent Actions Body Specially Designated Nationals List UpdateThe following changes have been made to OFAC's SDN List:DIANA, Cristian, Isernia, Italy; DOB 03 Oct 1974;...
Non Proliferation and Iran-related Designations; Cyber-related and Russia-related Designations Removals
Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:GHAFFARI, Mehdi, Tehran, Iran; DOB 21 Sep 1977; nationality Iran; Additional Sanctions Information - Subject to...
IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense
IR-2025-126, Dec. 23, 2025WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-09 PDF regarding changes to the limitation on the...
Promoting Accountability for Assad and Regional Stabilization Sanctions (PAARSS)-related Designations Updates; Publication of Amended Tri-Seal Advisory: Sanctions and Export Controls Relief for Syria
Today, the U.S. Department of State, the U.S. Department of Commerce, and the U.S. Department of the Treasury's Office of Foreign Assets Control, have issued an amended Tri-Seal Advisory: Sanctions and Export Controls...
IRS seeks public comment on Voluntary Disclosure Practice proposal
WASHINGTON — The Internal Revenue Service today opened a 90-day public comment period, ending March 22, 2026, for proposed updates to its Voluntary Disclosure Practice, including a...
Venezuela-related Designations; Issuance of Venezuela-related General License; Publication of Amended Venezuela-related Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5T, "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent...
Iran-related Designations; International Criminal Court-related Designations; Russia-related Designations Removals; Foreign Sanctions Evaders Determination Removal; Issuance of Iran-related and International Criminal Court-related General Licenses
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing International Criminal Court-related General License 11, "Authorizing the Wind Down of Transactions Involving Certain Persons Blocked...
Treasury, IRS allow States to make an Advance Election to participate in the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill
IR-2025-121, Dec. 12, 2025 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2026-6 PDF allowing States, including...
IRS and Security Summit partners announce 10th Annual National Tax Security Awareness Week
IR-2025-118, Dec. 3, 2025 WASHINGTON —The Internal Revenue Service working with the Security Summit partners today announced that the 10th National Tax Security Awareness Week...
Interest rates remain the same for the first quarter of 2026
IR-2025-112, Nov. 13, 2025 WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning...
Iran-related Designations; Russia-related Designation Removal
BHATT, Niti Unmesh, B-901, Navbahar, Lalubhai Park Road, Vile Parle West, Mumbai, Maharashtra 400056, India; DOB 06 May 1987; POB Mumbai, Maharashtra, India; nationality India; Gender Female; Executive Order 13846...
Counter Terrorism and Counter Narcotics Designations and Designation Update; Global Magnitsky Designations Removals
CONDE URAGA, Martha Emilia (a.k.a. "Martita"), Culiacan, Sinaloa, Mexico; DOB 09 Aug 1962; POB Sinaloa, Mexico; nationality Mexico; Gender Female; Secondary sanctions risk: section 1(b) of Executive Order 13224, as...
Non-Proliferation Designations and Designation Update
Specially Designated Nationals List UpdateThe following individuals have been added to OFAC's SDN List:BAKOUEI, Ali (a.k.a. BAKOUIE, Ali; a.k.a. BAKU'I ZEINOLABEDIN, Ali; a.k.a. BAKU'I, Ali), Tehran, Iran; DOB 21 Mar...
Counter Terrorism Designations Updates
Press Release Link Recent Actions Body Specially Designated Nationals List UpdateThe following changes have been made to OFAC's SDN List:HARAKAT AL-NUJABA...