Crypto Miners, Wallet Makers May Not Be Digital Asset Brokers, Strategist Says
Positing who should need to report certain cryptocurrency transactions under a controversial recent addition to the Tax Code, a former …
Wyden Introduces Bills Revoking PGA/Saudi Tax Exemption & Tax Break
With the surprise merger between the PGA Tour and the Saudi Public Investment Fund (PIF) pending, Senate Finance Committee Chairman Ron Wyden, …
Bicameral GOP Bill Would Expand Child Tax Credit
A bill sponsored by Republicans in both the House and Senate would expand the Child Tax Credit to include unborn …
Chief Counsel Provides Guidance on ERC Eligibility for Supply Chain Disruption
In a Generic Legal Advice Memo, IRS Chief Counsel discussed whether an employer experienced a full or partial suspension of their …
IRS Ends Majority of Unannounced In-person Collection Visits
From now on, if someone comes to your home or place of business, they will highly unlikely be an IRS …
Corporate Taxpayers Won’t Be ‘Left Behind’ as IRS Improves Notices, Official Assures
While much focus has been given to individuals in messaging from the IRS as the agency aims to capitalize on …
International Tax Experts Pan Biden’s Pillar Two Plan
During a House Ways and Means Tax Subcommittee hearing July 19, a panel of international tax lawyers and global experts …
Half of Foreign Assets Held in Tax Havens, New Research Estimates
With the goal of shedding light on what foreign financial reports can tell about offshore holdings and the effect of …
New OECD Guidance Includes Transitional Safe Harbor for Pillar Two Top-Up Tax
Updated administrative guidance on the Organization for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting’s …
OECD Reports ‘Significant Progress’ on Pillar One as Members Extend Digital Services Tax Delay
Countries that have or plan to enact a digital services tax agreed to continue to hold off another year while …