Tax regulations

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.

Entities that co-own clean energy projects can access clean energy tax credits through elective pay, according to the IRS.

The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 2026.

For individuals, the overpayment and underpayment rate will be 7%.

Donald Trump's re-election brings uncertainty to the tax landscape, including proposals for both numerous tax breaks and funding cuts to the IRS.

The IRS is reminding Enrolled Agents with SSNs ending in 0, 1, 2 or 3 that they need to renew their enrollment.

Erin Collins is objecting to proposed regs that would enable the IRS to shorten its third-party notice requirements from 45 days to as little as 10.

The final regulations provide a long overdue update to rules that had been in place since at least the 1950s, and even the 19th century.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.

The Internal Revenue Service set the credit at $1.25 to $1.75 per gallon of fuel with a minimum reduction of 50% of GHGs.

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects, including solar wafers.