How Budget Reconciliation Works for Tax Cut Extensions

A pair of high-profile fraud trials are competing for headlines out of New York courtrooms, with accountants serving as marquee witnesses. Accounting has been a common theme across both the criminal t...

25 Okt 202316min

Legislation and proposed regulations on cryptocurrency have the potential to answer some open questions about the taxation of digital assets, though not all of the possible changes may be welcomed by ...

18 Okt 202315min

The IRS's new unit to tackle pass-through entity tax-law enforcement could take years to stand up fully and for businesses to feel its impact in the form of tougher audits. The push comes after years ...

11 Okt 202312min

State taxpayers have been sitting on a mountain of cryptocurrency assets for nearly a decade. According to one estimate, by the tax software and compliance firm Revenue Solutions Inc., 4.7 million Cal...

4 Okt 202316min

Overhauling how the IRS audits low-income taxpayers is a critical step toward more fair audits, many in the industry acknowledged following the agency's announcement earlier this month. The IRS promis...

27 Sep 202315min

The new CEO of Deloitte's tax practice is grappling with many of the same challenges as the Big Four firm's clients: rapid shifts in how tax practitioners work thanks to artificial intelligence, a sho...

20 Sep 202320min

Sports betting is in more states than ever, with new gamblers every day wagering in person and over the internet. And the new NFL season is expected to drive up tax revenue even more in the 30 states—...

13 Sep 202318min

Congress' tax writers return to Capitol Hill with several priorities that remain unaddressed, as September shapes up to be a busy month with tax policy firmly in the mix. On the second part of a two-p...

6 Sep 202318min