Tax regulations

Doctors and health care organizations are dealing with not only the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards.

Eliminating the revenue-raising R&D amortization provision in the 2017 tax reform is the best way forward for U.S. innovation.

The most impactful laws, court decisions, regulations and IRS pronouncements of the last year.

The Internal Revenue Service released proposed regulations that can help taxpayers, employers and insurers navigate the complex tax rules surrounding COVID-19 testing and health insurance coverage.

The service has increased the number of transcripts that tax professionals can order per client to 30, up from 10 previously.

New guidance on the temporary 100% deduction is available in Notice 2021-63.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market.

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).

The Internal Revenue Service is updating the bewildering process for the frequently asked questions pages it posts on its website about new tax legislation after enduring.

For accounting offices and mobility leaders, the realities of managing a remote workforce, both positive and negative, are setting in.

Financial institutions aim to stop a measure that would require banks to hand over some account information to the IRS.

The measure could be used to pay for a modification of the cap on the federal deduction of state and local taxes.

The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.

Guidance in Notice 2021-53 from the IRS will help employers with the ‘Instructions for Employee’ and other statements.

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.

Justice made a startling claim in a legal filing that cryptocurrencies are not in all instances property for U.S. tax purposes.

Padgett Business Services and NCCPAP have spotted areas where the Employee Retention Credit may be hurting small businesses.

Guidance is expected next week to clarify that reporting requirements won't impact many key players.

The organization says Notice 2021-49 is particularly damaging to small, family-owned businesses.