Last week, Senators Kirsten Gillibrand and Cynthia Lummis introduced a landmark bipartisan bill in the Senate that establishes a comprehensive regulatory framework for digital assets. The Responsible Financial Innovation ...
Rising real estate prices have made property development an increasingly attractive opportunity for owners of undeveloped “raw” land. Property owners involved in development, however, can face very different tax cons ...
The IRS has issued Notice 2022-15, setting down certain conditions under which a taxpayer will be relieved of underpayment penalties under IRC Section 6656 for failing to make required deposits of the Superfund Tax, whic ...
Recent IRS guidance on registration tests for certain Form 637, Application for Registration (For Certain Excise Tax Activities), impacts taxpayers who are required to obtain a “G” registration under the reinstated S ...
Qualified small to medium-sized businesses that experienced a significant decline in revenues during the COVID-19 pandemic or were forced to partially or fully shut down due to a government order can still claim a refund ...
The growing popularity of virtual currencies and their potential to facilitate tax evasion has prompted the Internal Revenue Service (IRS) and Congress to impose additional reporting requirements on taxpayers who hold or ...
