Tax

COVID cons; no IRA, no school, no problem; plane stealing; and other highlights of recent tax cases.

The transition period has now been extended through Jan. 10, 2024 in which taxpayers are afforded a full 45 days to perfect a R&D tax credit claim for refund.

Pressure is coming from the financial markets and members of the ruling Conservative Party to restore economic credibility.

The Treasury Department and the Internal Revenue Service issued final regulations to eliminate a so-called "family glitch" in qualifying for premium tax credits.

The service posted drafts of the upcoming Schedule UTP form and instructions in an effort to improve the forms' usefulness.

The e-commerce platform announced the launch of Shopify Tax.

The Organization for Economic Cooperation and Development introduced a framework this week for the automatic exchange of information between countries on crypto-assets, in response to a request from the G20 financial leaders.

The Swiss bank had promised in 2014 to stop helping U.S. citizens evade taxes, but investigators have their doubts.

While many new tax provisions don't take effect until 2023, tax advisors will be expected to alert their clients to issues affecting them.

PPP misrepresentation; rebuilding clients' basis; what you're doing wrong; and other highlights from our favorite tax bloggers.