Tax regulations

The service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin as legal tender.

The institute is asking for more guidance on how to help taxpayers compute their losses on digital assets such as cryptocurrency.

California's Chahal & Associates helps hotels and restaurants stay afloat in a volatile environment.

The Internal Revenue Service and the Treasury Department issued a notice offering a safe harbor for the deed language in charitable conservation easements.

Proposed regulations would identify micro-captive transactions as abusive after the Supreme Court ruled against the IRS in a case two years ago involving the transactions.

The institute wants clarified and expanded guidance on taxpayer assistance procedures and when S corps don't need private letter rulings.

Virginia-based ProSpor CPA helps professional athletes stay at the top of their game.

The IRS has expanded its enforcement efforts, including cross-checking foreign accounts reported on FBARs with information reported on tax returns.

The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.

The Biden administration's requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in U.S. manufacturing by automakers and suppliers kick in.