Navigating the Sea Change: The New IRS Form 1099-K Tax Rule and Your Digital Wallet
The IRS, a name that evokes an emotional response for most. Whether it’s a gulp of trepidation or an assertive nod of …
Tax News
Beyoncé’s Tax Dispute: Insights into the Pop Icon’s Battle with the IRS
Tax disputes often make headlines, and this time, it’s none other than Queen Bey herself, Beyoncé Knowles-Carter, one of the most famous …
New IRS Regulation Sets Rules for Supervisory Approval of Penalties
The Internal Revenue Service (IRS) has announced a new regulation that outlines rules for supervisory approval of penalties. This regulation, published in …
U.S. Tax Court Rules IRS Lacks Authority to Assess Penalties for Late or Unfiled Form 5471
Farhy v. Commissioner decision limits the IRS’s power to impose penalties for failure to file or filing late Form 5471 In a …
No Gain or Loss Realized in Crypto Protocol Upgrades, According to IRS Memorandum
The Internal Revenue Service (IRS) has released a new Chief Counsel Advice (CCA) Memorandum, providing guidance on the tax implications of cryptocurrency …
