Tax

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.

Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases.

The service is encouraging employers to work with qualified tax professionals rather than shady promoters.

The agency's criminal investigation arm has opened probed at least 252 claims under the pandemic-era employee retention credit amounting to $2.8 billion worth of subsidies.

The Biden administration has come under pressure to seize the funds outright, something Yellen has said would be illegal under current law.

Lawmakers suggested investigators were hamstrung from bringing charges and questioned why the statute of limitations was allowed to expire without charges being brought.

Jurors clashed over race and class while weighing charges against a wealthy developer and two others accused of arranging $1.3 billion in phony tax deductions.

The tax educator is remembered by colleagues as both a highly proficient technical expert and a kind, caring human being who took an active interest in others' wellbeing.

Five tax giants received a shot across the bow from the Federal Trade Commission.