Tax regulations

The American Institute of CPAs submitted a set of legislative priorities in a letter to congressional leaders, suggesting possible changes to the tax rules.

Rep. Steve Cohen has reintroduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

Ukraine, Iraq, Haiti and Bangladesh have been added to the Internal Revenue Service's list for tax year 2024.

The Institute is urging the Treasury to suspend and remove final regulations labeling some partnership related-party transactions as "transactions of interest."

The usual March 1 deadline for farmers and fishers has been pushed to March 3, or further, for those impacted by natural disasters.

Decentralized finance companies are breathing a sigh of relief after the Treasury and the Internal Revenue Service gave them a two-year delay on reporting.

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed.

The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.

Inside the IRS's recent focus on broker reporting of digital asset transactions and the Form 1099-DA.

The Institute is asking the Treasury and the IRS to increase the safe harbor for companies seeking to avoid determining whether the CAMT would apply to them.