Form 1099-DA Debut Will Test Broker, Taxpayer Readiness in Transition Year
Digital asset brokers and taxpayers are expected to face some growing pains with this tax season’s debut of a new …
Tax Pros Discuss OBBB State Conformity Challenges
As states scramble to adjust their laws after major changes to the federal tax code under the One Big Beautiful …
IRS Releases Schedule, Instructions for New OBBB Individual Deductions
The IRS has published new Schedule 1-A that taxpayers will use for tax year 2025 to claim the One Big Beautiful Bill …
Income Tax Disclosure Rules Put Pressure on Corporate Data Systems
New financial disclosure requirements from the Financial Accounting Standards Board (FASB) are intended to provide investors with greater transparency into …
Dems Push to Overturn IRS Rule on Solar, Wind Tax Credits
A group of Senate Democrats introduced a resolution to disapprove of IRS guidance that changes the requirements for wind and …
How the Latest CAMT Guidance Impacts the R&E Deduction
The IRS provided additional guidance on the corporate alternative minimum tax (CAMT) last week – including an important update for …
SCOTUS Considers Constitutionality of State Tax Foreclosure Practices
The U.S. Supreme Court heard oral arguments February 25 in a case that could reshape how states handle tax foreclosures …
OECD Side-by-Side Deal Has its Limits, International Tax Pro Says
One cross-border tax attorney sees the Organization for Economic Cooperation and Development’s (OECD) new side-by-side safe harbor as patchwork relief …
Unveiling Nonprofit Funding Via Form 990 Reform
Lawmakers from across the political spectrum agreed that Form 990 – annual information reporting required of most tax-exempt organizations – …
New Energy Credit Material Assistance Guidance Leaves Open Key Questions
The IRS recently issued interim guidance to assist taxpayers claiming certain clean energy tax credits comply with new restrictions on material assistance …