Tax regulations

Rep. Steve Cohen has reintroduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

Ukraine, Iraq, Haiti and Bangladesh have been added to the Internal Revenue Service's list for tax year 2024.

The Institute is urging the Treasury to suspend and remove final regulations labeling some partnership related-party transactions as "transactions of interest."

The usual March 1 deadline for farmers and fishers has been pushed to March 3, or further, for those impacted by natural disasters.

Decentralized finance companies are breathing a sigh of relief after the Treasury and the Internal Revenue Service gave them a two-year delay on reporting.

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed.

The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.

Inside the IRS's recent focus on broker reporting of digital asset transactions and the Form 1099-DA.

The Institute is asking the Treasury and the IRS to increase the safe harbor for companies seeking to avoid determining whether the CAMT would apply to them.

Three pilot programs aim to increase the use of 'fast-track settlement' in the agency's different divisions.

The Internal Revenue Service released guidance on the tax treatment of contributions and benefits from state paid family and medical leave programs.

The IRS and the Treasury Department issued proposed regs and reporting requirements for multiyear corporate separations and a draft form.

The Internal Revenue Service ended 2024 with new regulations on reporting cryptocurrency transactions, amendments for outdated provisions and more.

The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.

Some related-party 'basis shifting' arrangements are now considered 'transactions of interest' per the IRS's final regulations.

Proposed new rules were issued for the tax credit for qualified commercial clean vehicles, along with guidance on claiming tax credits for clean fuel.

The proposed regulations involve provisions of the SECURE 2.0 Act, including auto enrollment in 401(k) and 403(b) plans, and the Roth IRA catchup rule.

The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

Any returns or payments due on Jan. 9 can be sent in on Jan. 10.

The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.