Tax

The IRS has the expertise to enforce President Joe Biden’s proposal to tax the unrealized gains of mega-millionaires and billionaires, Senator Elizabeth Warren contended in the face of criticism over the workability of a proposal she strongly supports.

The Treasury secretary said a digital dollar would take years to develop if the U.S. decides to proceed with one, underscoring a deliberate approach by policymakers.

The legislation would cause sanctioned Russian oligarchs and American companies that pay taxes to Moscow to lose some of their U.S. tax benefits.

From staffing problems and clueless clients to Child Tax Credit issues and IRS backlogs, the top problems practitioners are facing in the run-up to April 15.

Researchers are seeing a new type of phishing attack embedded within documents sent via email to tax professionals.

A recent study has found that 96% had still not filed their taxes as of the end of March, with confusion over how to do so being the primary reason.

A worldwide survey has found that the No. 1 barrier to buying crypto was not understanding enough about it, especially with regard to taxation.

Liquidating crypto brings certain challenges, from complicating the underwriting process to possibly triggering significant (and often unexpected) tax gains.

For anyone who wants a phony pay stub or doctored tax return, sources are readily available online.

President Biden signed an executive order to strengthen the ACA, in part by closing a loophole that prevents millions of Americans from accessing subsidies.