Tax

The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.

Depend on nothing; love, law and the slammer; financial whizzes; and other highlights of recent tax cases.

Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.

The service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.

The TE/GE Division didn't provide satisfactory answers to many of the questions it received from taxpayers, according to a new report.

The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.

The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.

The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.

Your employees' well-being; statutory residency; new blog in town; and other highlights from our favorite tax bloggers.