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The Internal Revenue Service and the Treasury are giving investment brokers more time to report information on transactions involving digital assets such as cryptocurrency.
December 23 -
The lower threshold threatened to generate millions of new forms going out to unsuspecting taxpayers and their accountants.
December 23 -
The Internal Revenue Service is responding to feedback on its draft form and instructions for Schedule UTP for reporting uncertain tax positions by making some changes for next tax season.
December 22 -
The gift of finances; scaling a firm; new blog on the block; and other highlights from our favorite tax bloggers.
November 29 -
The Internal Revenue Service is cautioning taxpayers to beware of the newly lowered threshold if they received payments amounting to as little as $600.
November 22 -
Reselling Taylor Swift tickets? You're going to have to pay taxes
November 21 -
Tax professionals have been clamoring for more detail and clarity regarding whether (and under what circumstances) corporations and partnerships must file Schedules K-2 and K-3, particularly where they have little or no foreign activity and shareholders or partners.
November 9Wolters Kluwer Tax & Accounting North America -
The draft instructions may clear up some confusion, adding a new domestic filing exception.
October 31 -
Just $600 in gross sales is going to trigger a 1099-K for gig workers and sellers on sites like eBay and Etsy.
October 25Thomson Reuters Tax & Accounting Professionals -
The IRS has given cryptocurrency holders a bit more clarity about how to report digital assets on their 1040 income tax forms.
October 19