Tax

Revenue Ruling 2023-14 clarifies the rules around what exactly counts as income for certain crypto-activities.

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

But the majority of those changes are actually decreases, according to a new report from Vertex.

With residency, luxe living and low taxes mere table-stakes, the availability of trained staff to help the ultra-rich run their lives and their money has become a key battleground.

With the IRS cracking down, knowing when and how clients can claim the credit — and when they can't — is critical.

David Padrino will be spearheading many of the slated improvements funded by the IRA.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

Bad magic; this will hurt a bit; the Queen is dead; and other highlights of recent tax cases.

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.