The IRS Is Seeking Public Comment On Whether They Should Tax NFTs Like Works Of Art

Yesterday, the IRS declared that it is soliciting reviews on how to take care of nonfungible tokens (NFTs) for tax reasons. Far more specially, it is considering no matter if…

FDR’s Tax Increase Scared Him Off Hiring 87,000 IRS Agents

1 of the tasty problems in Thomas Piketty’s Cash in the 21st Century is this assertion: “Roosevelt came to electricity in 1933 [and] instantly determined on a sharp boost in…

Ways to combat Employee Retention Credit fraud; IRS provides standards tax pros can follow

The IRS presents guidance tax professionals must follow when professing worker retention credits to assure they are assembly circular 230 experienced responsibilities.  Around the very last quite a few months,…

Lawsuit Over Kobe Bryant Crash Settles, IRS Taxes It

Los Angeles, CA, Wednesday, August 24, 2022 – Vanessa Bryant leaves federal court just after a jury … [+] ordered Los Angeles County to pay back Bryant, widow of Lakers…

How Plaintiff Lawyer Tax Deferrals Can Get IRS’ GLAM Treatment

Plaintiff attorneys have correctly deferred tax on contingent fees—securing the tax positive aspects of an uncapped 401(k) with a pre-scheduled payout—since the IRS missing its challenge to a rate deferral…

IRS requires all taxpayers to answer digital assets question on 2022 FY Form 1040s

Tax professionals and taxpayers want to be knowledgeable that for 2022 federal earnings tax returns, the IRS now needs all taxpayers to solution the electronic asset concern on web site…