by usoftax_admin | Aug 8, 2023 | Tax News
New proposed regulations would update the regulations to reflect 50-plus years of statutory changes, remove regulations and certain transition rules that no longer have practical application, and eliminate obsolete or incorrect terms and cross-references. by usoftax_admin | Aug 8, 2023 | Tax News
The IRS provides requirements for home energy audits for taxpayers that want to claim the energy efficient home improvement credit, which taxpayers can rely on until proposed regulations are issued. by usoftax_admin | Aug 7, 2023 | Tax News
The IRS disagrees with court decisions requiring notice-and-comment rulemaking to identify listed transactions, but said it is identifying monetized installment sales transactions as listed transactions in proposed regulations “to avoid confusion and ensure consistent... by usoftax_admin | Aug 4, 2023 | Tax News
Treasury and the IRS announced Wednesday that by filing season 2024, taxpayers will be able to go paperless if they choose to do so. And by filing season 2025, the IRS will digitize all paper-filed returns when they are received. by usoftax_admin | Aug 2, 2023 | Tax News
The IRS ruled Monday that cash-method taxpayers who stake cryptocurrency native to a proof-of-stake blockchain and receive cryptocurrency validation rewards must include the fair market value of the rewards in gross income in the year they are received. by usoftax_admin | Aug 1, 2023 | Tax News
CPAs assess how their return preparation products performed.