Tax regulations

Notice 2023-64 offers guidance on the 15% levy on large businesses — and waives some penalties.

Your OZ clients' working capital safe harbor business plans need to be updated by Sept. 8, 2023.

The Internal Revenue Service issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.

For overpayments and underpayments, the rate will be 8% per year.

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

Employees weren't always following the rules when it came to talking to taxpayers instead of representatives like accountants and attorneys.

The institute sent comment letters requesting changes in two forms used to report on foreign trusts, and guidance on energy credits and advanced manufacturing investment credits.

Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon.

The service is looking for ideas to make its current ADRs better and help them reach more people, and to create new ones, if they're needed.

Two notices from the IRS offer guidance on the new rules regarding minimum distribution requirements from the SECURE Act 2.0.

Taxpayers who aren't under examination have a new option that promises to make it easier to request relief when they need to file international tax forms and documents past a deadline.

The Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by the IRA.

The service released information on how taxpayers can claim the energy efficient home improvement credit.

The Treasury wants to curb the use of some types of transactions by listing them as potentially abusive tax dodges.

Revenue Ruling 2023-14 clarifies the rules around what exactly counts as income for certain crypto-activities.

The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.

The reprieve at the beginning of 2023 was temporary — and nothing has been done to fix the long-term issue.

A new notice offers relief for foreign taxes paid during tax years 2022 and 2023.

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.