Tax regulations

Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.

The Internal Revenue Service wants to update the regulations governing the sale of a taxpayer's property taken during a levy.

The IRS's interim guidance answers many questions but leaves others unaddressed, according to tax experts.

Along with the possible requirement to file paperwork for establishing the corporation in the new state, there may be changes in tax responsibilities.

The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.

The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.

The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.