Tax regulations

New guidance on the temporary 100% deduction is available in Notice 2021-63.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market.

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).

The Internal Revenue Service is updating the bewildering process for the frequently asked questions pages it posts on its website about new tax legislation after enduring.

For accounting offices and mobility leaders, the realities of managing a remote workforce, both positive and negative, are setting in.

Financial institutions aim to stop a measure that would require banks to hand over some account information to the IRS.

The measure could be used to pay for a modification of the cap on the federal deduction of state and local taxes.

The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.

Guidance in Notice 2021-53 from the IRS will help employers with the ‘Instructions for Employee’ and other statements.

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.

Justice made a startling claim in a legal filing that cryptocurrencies are not in all instances property for U.S. tax purposes.

Padgett Business Services and NCCPAP have spotted areas where the Employee Retention Credit may be hurting small businesses.

Guidance is expected next week to clarify that reporting requirements won't impact many key players.

The organization says Notice 2021-49 is particularly damaging to small, family-owned businesses.

While “after-the-fact” taxes may seem easy, a lot can go wrong for you and your client.

Rev. Proc. 2021-33 from the IRS lets businesses deduct certain stimulus-related items to determine eligibility for the Employee Retention Credit.

But observers say the industry did relatively well for one of its first efforts at impacting legislation.

What are some things your clients need to be aware of when considering transferring a business entity’s charter to a different state?

The booming market for nonfungible tokens is showing no signs of slowing down as investors pour money into digital collectibles, but the tax rules surrounding NFTs are anything but clear.