Tax

Pulling back the curtain in the land of OZ, and other gain deferral strategies to consider.

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

Section 1031 exchanges involving related parties present some of the most complex problems in tax law.

The president, under siege from House Democrats weighing impeachment, suffered a stinging blow as a federal appeals court upheld a subpoena ordering his accountants to provide Congress with his financial records.

Everybody out of the Pool; dying Embers; the House falls; and other highlights of recent tax cases.

News organizations lost a bid to unseal a federal court filing from the company detailing the financial records it holds.

For Americans who couldn’t figure out how to pay their taxes in April after Republicans overhauled the tax code, there is a new day of dread for accountants: Oct. 15.

The guidance is the first since 2014.

The regs aimed to prevent U.S. companies from shifting income to offshore branches.

New releases address virtual currency transactions and how to handle a ‘hard fork.’