Tax regulations

With droughts impacting almost all 50 states, the IRS is giving more relief.

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

The revised Form 6765 could help both the IRS and taxpayers avoid lengthy audits involving faulty claims.

The service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront.

Some worry the proposed regulations could make it more difficult for small and midsized businesses to obtain coverage in case of disaster.

IRS data and changes to collection operations over the past four years show 10 clear effects.

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.