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That decision may have been premature, according to a new report.
April 3 -
The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.
April 3 -
Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.
March 31Wolters Kluwer Tax & Accounting North America -
Long-awaited proposed guidance gives details on the new tax credits for electric vehicles under the Inflation Reduction Act.
March 31 -
The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue.
March 30 -
The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.
March 30 -
The Swiss bank continues to help rich Americans hide assets from the IRS nearly a decade after a unit pleaded guilty to tax-evasion conspiracy, the Senate Finance Committee said.
March 29 -
1099 trouble; getting a partner out; oh BOI; and other highlights from our favorite tax bloggers.
March 28 -
The IRS is pushing back filing and payment deadlines for affected taxpayers.
March 28 -
The IRS proposed new rules on non-fungible tokens this week, and accounting professionals in the space see the agency starting to get serious about these assets.
March 23