Tax regulations

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

The revised Form 6765 could help both the IRS and taxpayers avoid lengthy audits involving faulty claims.

The service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront.

Some worry the proposed regulations could make it more difficult for small and midsized businesses to obtain coverage in case of disaster.

IRS data and changes to collection operations over the past four years show 10 clear effects.

Notice 2023-64 offers guidance on the 15% levy on large businesses — and waives some penalties.

Your OZ clients' working capital safe harbor business plans need to be updated by Sept. 8, 2023.

The Internal Revenue Service issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.

For overpayments and underpayments, the rate will be 8% per year.

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

Employees weren't always following the rules when it came to talking to taxpayers instead of representatives like accountants and attorneys.

The institute sent comment letters requesting changes in two forms used to report on foreign trusts, and guidance on energy credits and advanced manufacturing investment credits.

Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon.

The service is looking for ideas to make its current ADRs better and help them reach more people, and to create new ones, if they're needed.

Two notices from the IRS offer guidance on the new rules regarding minimum distribution requirements from the SECURE Act 2.0.

Taxpayers who aren't under examination have a new option that promises to make it easier to request relief when they need to file international tax forms and documents past a deadline.

The Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by the IRA.

The service released information on how taxpayers can claim the energy efficient home improvement credit.

The Treasury wants to curb the use of some types of transactions by listing them as potentially abusive tax dodges.