IRS Announces Delay in 1099-K Reduced Threshold
The IRS recently announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.
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All Featured (46) For the Public (148) Tax News (439) Accounting & Auditing (212) Business & Industry News (125) Regulatory News (112) Legislative News (48) Chapter News (18) Young CPAs (62) Students (91) TSCPA Press Releases (68)Showing : 131–140 of 439
Tennessee Department of Revenue Releases Fiscal Year 2022 Tax Credit Report
The Tennessee Department of Revenue recently released its Fiscal Year 2022 Tennessee Tax Credit Report.
View MoreTreasury and IRS Provide Automatic Extension for Health Coverage Statements
The Treasury Department and IRS recently issued final regulations granting an automatic extension for providers of minimum essential coverage health insurance to furnish individuals statements regarding their coverage.
View MoreFTX Crypto Exchange Bankruptcy Prompts Tax Questions
In the wake of the Nov. 11 bankruptcy filing of offshore cryptocurrency exchange FTX Trading Ltd., questions remain regarding tax consequences for customers.
View MoreIRS Issues Final Regulations on Centralized Partnership Audit Regime
The IRS recently issued final regulations T.D. 9969 providing an exception from the centralized partnership audit regime for partnership-related items involved with special enforcement matters.
View MoreTreasury and IRS Set Procedures for Manufacturers, Sellers of Clean Vehicles
The Treasury Department and IRS recently issued Revenue Procedure 2022-42, setting out key processes for manufacturers and sellers of clean vehicles.
View MoreTreasury and IRS Propose Regulations Identifying Syndicated Conservation Easement Transactions as Abusive Transactions
The Treasury Department and IRS recently issued proposed regulations identifying certain syndicated conservation easement transactions as "listed transactions" – abusive tax transactions that must be reported to the IRS.
View MoreIRS Updates 2020 Unemployment Compensation Exclusion FAQs
The IRS recently updated frequently asked questions for the 2020 unemployment compensation exclusion in Fact Sheet 2022-39.
View MoreTreasury and IRS Issue Guidance on Wage and Apprenticeship Requirements for Enhanced Credits/Deductions
The Treasury Department and IRS recently announced guidance providing taxpayers information on how to satisfy the prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act.
View MoreIRS Interest Rates Increase for the First Quarter of 2023
The IRS recently announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2023.
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