Tax regulations

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The Internal Revenue Service ended 2024 with new regulations on reporting cryptocurrency transactions, amendments for outdated provisions and more.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

The change would come as part of the first big amendments to Circular 230 since 2014.

The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.

Experts expect 'scattershot, unhelpful reporting' of crypto assets and transactions for the first few years with the 1099-DA.

The proposed instructions relate to filing for the research credit.

A new IRS revenue procedure is applicable for some research or experimental expenses.

If enacted, the regs would require practitioners to maintain a certain level of technological competence, among other things.

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

Final regulations on clean energy partnership credits, raised 401(k) limits and more from the Internal Revenue Service in November.

The Inflation Reduction Act extended the tax incentives for clean energy development project developers, and the new rules add more clarity.

The long efforts to put in place the enforcement mechanisms to attack syndicated conservation easements appear to at last be finalized.