Tax

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.

The company acquired Tax Prodigy, which calculates income tax-related elements of financial statements.

Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.

Wyden’s proposed legislation would require them to pay tax annually on unrealized gains.

Living on borrowed time; seed money; two down; and other highlights of recent tax cases.

The Internal Revenue Service is asking tax professionals to help clients who fell prey to identity thieves who have been filing unemployment claims in their names during the pandemic.

With today’s business environment forcing companies to always be in a state of flux, the tax landscape will only become more complex.

Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue.

Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan.

Lawyers for former President Donald Trump are asking a federal judge to block the release of his tax returns to Congress, saying Democrats’ pursuit of the documents amounts to political retaliation.