Rev. Proc. 2021-33 from the IRS lets businesses deduct certain stimulus-related items to determine eligibility for the Employee Retention Credit.

But observers say the industry did relatively well for one of its first efforts at impacting legislation.

A CPA and a corporate communications vet are at the forefront of trying to reinstate the state and local tax deduction.

What are some things your clients need to be aware of when considering transferring a business entity’s charter to a different state?

Although the upper house is moving forward on the infrastructure legislation, agreement on a last batch of amendments was elusive.

Broad oversight for virtual currencies remains a part of the infrastructure bill currently in the Senate.

The booming market for nonfungible tokens is showing no signs of slowing down as investors pour money into digital collectibles, but the tax rules surrounding NFTs are anything but clear.

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.