Tax regulations

The Biden administration is poised to specify which cryptocurrency firms will be forced to report reams of customer data to the Internal Revenue Service, said people familiar with the matter.

The Internal Revenue Service expanded the transition period from 30 to 45 days to provide evidence to back up tax refund claims involving the research and development credit, while issuing new guidance.

The service has revised Form 1024 to permit electronic filing and is beginning to require applications for tax-exempt status to be e-filed.

Like their cryptocurrency cousins, non-fungible tokens are generating market interest, and tax confusion.

The correspondence will include important information for completing their 2021 tax returns.

New reporting requirements and possible amortization are on the way.

Revenue Procedure  2022-9 lays out the procedures for getting automatic consent to a change to the cash method.

As the end of the year approaches, it’s time for your business clients to take stock of — and tackle — any outstanding business compliance tasks.

The House approved one of the final key steps aimed at guaranteeing an orderly transition from the discredited benchmark.

When was the last time your entire paycheck shrank by more than 20%?