Proposed rules for “technology-neutral” clean electricity incentives in the Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and the Internal Revenue…
The IRS announced (IR-2024-46) plans to begin dozens of audits of aircraft use by large corporations, large partnerships, and high-income individual taxpayers to determine whether…
For years, Americans have been using tax-free dollars from health savings accounts to cover a wide variety of health and wellness items, including glasses, tampons,…
By Andrew Keshner Direct File marks the widespread debut of a free, government-run answer to mass-market online tax preparation from commercial providers like TurboTax and…
New IRS guidance delays Form 8300 reporting for digital asset transactions.getty Businesses that accept cryptocurrency as payment were relieved to learn that the IRS has…
A proposed $24 billion tax bill from the US IRS will likely absorb any “significant recovery” intended for FTX victims, according to the bankrupt crypto…
According to a report from the criminal investigations division of the Internal Revenue Service (IRS), tax evasion has become a major area of focus in…
The United States Internal Revenue Service (IRS) is considering a proposal that would have broad consequences for the cryptocurrency industry. Investors should be concerned, because…