IRS Official Speaks on Final Digital Asset Regs
An IRS official shared preliminary information on new digital asset tax reporting rules and related guidance Friday afternoon with an audience of …
Tim Shaw
Tim Shaw covers developments from the IRS and tax organizations for Thomson Reuters, including issues impacting taxpayer service, compliance, and technology.
Tim previously worked at Tax Analysts on Tax Notes Today State.
He can be reached at tim.shaw@thomsonreuters.com.
Posts by this author
IRS Should Replace ‘Misleading’ Level of Service Metric, NTA Says
The measure the IRS has used for over two decades to evaluate its telephone service does not accurately “reflect the …
IRS Issues Apology to Billionaire, Other Tax Leak Victims
The IRS apologized to Citadel CEO Ken Griffin for the improper disclosure of the hedge fund manager’s sensitive tax information, …
Uncertainty Abounds as TCJA Expiration Looms, Tax Pros Say
With several provisions of the Tax Cuts and Jobs Act (TCJA, PL 115-97) set to expire or change in 18 months, …
Supreme Court OKs TCJA Transition Tax in Moore
The Supreme Court held 7-2 on June 20 that the one-time mandatory repatriation tax (MRT) or “transition tax” under the …
IRS, Treasury Crack Down on Abusive Partnership Transactions in New Initiative
The IRS and Treasury Department issued a suite of guidance as part of a new regulatory initiative aimed at closing …
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PayrollOrg Encourages United Nations to Develop AI Guidelines in Payroll to Identify Potential Biases
In a letter to the United Nations (UN) Office of the Secretary-General’s Envoy on Technology, PayrollOrg (PAYO) encouraged the global organization to develop …
Indiana Omnibus Bill Amends Sales Tax Nexus Economic Threshold, Clarifies Pass-through Entity Tax Provision, Makes Other Changes
By Margaret Eisler On March 13, 2024, Indiana Governor Eric Holcomb signed legislation that amends the economic threshold for sales tax …
Considering an IPO? Time to Factor in FASB Public Company Accounting Rules
Some practitioners say they are cautiously optimistic that the initial public offering (IPO) market could pick up later this year, …