Tax

Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.

The problem with some tax credits; a PPP forgiveness portal; crypto replies; and other highlights from our favorite tax bloggers.

Changes to the Child Tax Credit may require a second look as the system gets simultaneously simpler and more complex.

NCCPAP’s Stephen Mankowski offers news about the IRS Office of Promoter investigations, Forms 940X and 941, and more.

While tax residency rules vary from state to state, changing residency generally requires a concurrent determination of domicile.

Using RMDs to pay the taxes due on a rollover can ease the psychological pain of forking over money to the IRS.

A Senate plan to spend $550 billion on U.S. infrastructure stands to benefit industries heavily dependent on transportation.

The bipartisan infrastructure bill would end a tax break Congress crafted to help businesses struggling during the pandemic but relatively few companies have claimed.

Bloomberg’s state tax survey clarifies policies on local Paycheck Protection Program loans, nexus and more.

Most states have managed to get through the COVID-19 pandemic without increasing taxes, despite predictions last year, according to a new report.