The board has endorsed a recommendation from its Private Company Council that would align accounting rules with the tax treatment of the awards.

For most businesses, the monthly close is simply too time-consuming.

Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.

Wyden’s proposed legislation would require them to pay tax annually on unrealized gains.

A bipartisan group released an alternative cryptocurrency revenue-raising plan.

Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue.

Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan.

Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.

The problem with some tax credits; a PPP forgiveness portal; crypto replies; and other highlights from our favorite tax bloggers.

NCCPAP’s Stephen Mankowski offers news about the IRS Office of Promoter investigations, Forms 940X and 941, and more.

While tax residency rules vary from state to state, changing residency generally requires a concurrent determination of domicile.

A Senate plan to spend $550 billion on U.S. infrastructure stands to benefit industries heavily dependent on transportation.

Together, the two companies hope to accelerate digital transformation for their customers, which during the pandemic became a priority for firms and clients alike.

The Securities and Exchange Commission charged Ernst & Young, one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct.

Sure, you might have to actually pay U.S. taxes on those crypto trades. But at least it will be easier to figure out how much you owe.

The $550 billion infrastructure bill that would provide the biggest infusion of federal spending on public works in decades.

A warning from the commission has prompted hundreds of special purpose acquisition companies to issue financial restatements.

Among other things, the service is requiring many entities to update their applications.

The Federal Accounting Standards Advisory Board released a standard for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic.

A Senate proposal to ramp up IRS surveillance over cryptocurrency transactions claims it will $28 billion in tax revenue.