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The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.

The service is encouraging employers to work with qualified tax professionals rather than shady promoters.

Businesses have been dealing not only with inflation and rising interest rates, but also new requirements for family leave, minimum wage increases, and pay transparency rules.

The agency's criminal investigation arm has opened probed at least 252 claims under the pandemic-era employee retention credit amounting to $2.8 billion worth of subsidies.

The Biden administration has come under pressure to seize the funds outright, something Yellen has said would be illegal under current law.

Lawmakers suggested investigators were hamstrung from bringing charges and questioned why the statute of limitations was allowed to expire without charges being brought.

Five tax giants received a shot across the bow from the Federal Trade Commission.

The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.

The service held a webinar to raise awareness about programs that companies can use to help employees pay off student loans and other educational expenses. 

More companies across the globe are doing sustainability reporting and receiving assurance services, including in countries outside the G20, according to a new report.

The revised Form 6765 could help both the IRS and taxpayers avoid lengthy audits involving faulty claims.

Fraudsters are ever-inventive, and accountants and tax pros need to make sure their clients keep vigilant.

Accounting firms are getting more involved in sustainability reporting and assurance around the world, with recent global standards and record-setting temperatures spurring calls for action.

The IRS is reminding some disaster-impacted taxpayers in California, Alabama and Georgia that they have payments due Oct. 16.

Possible staffing remedies; declared dead; Moore moves; and other highlights from our favorite tax bloggers.

The board issued a proposal to amend its rule for an individual auditor's or firm's contributory liability for knowingly or recklessly contributing to violations.

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

A conversation with a former commissioner, Chuck Rettig, reveals the potential upside of the agency's tech plans.

Price Waterhouse was the auditors for the Academy of Motion Picture Arts and Sciences, and this is an early example of cross-selling to add outside-the-box services to an engagement.