This latest round of IRS warning letters comes at a time of intense discussion over crypto tax policy in Washington. While the IRS is moving toward greater enforcement, Senate Republicans are ...

The notices tell crypto owners that the IRS has information that the recipients have “one or more accounts containing virtual currency.” In two versions of the letter, the tax agency merely ...

The IRS published a notice on the inflation adjustment for Enhanced Oil Recovery Credit under I.R.C. § 43. The information includes: 1) clarifying the calculation method for determining the amount ...

The IRS Final Notice of Intent to Levy is a critical notification that taxpayers should not ignore. This formal notice is the last step before the IRS can legally seize assets to satisfy a tax debt.

But for anyone who buys and sells digital assets like bitcoin, it is worth knowing that 2025 will mark the first tax year that your crypto transactions will be subject to third-party reporting ...

The Tax Law Center at New York University Law has recommended repealing or amending the qualified small business stock provisions of the tax code—known as section 1202—to prohibit this gifting of ...

Clear Start Tax Alerts Landlords to Increased IRS Scrutiny of Rental Income, Short-Term Rentals, and 1099 Reporting Requirements ...

Letters affecting about 20 million taxpayers will be redesigned for the current 2024 tax season. Werfel said the goal is to cover 90% of all notices sent to taxpayers by next year's filing season.

“We firmly believe that the IRS positions set forth in the 2010-2012 and 2013-2015 Notices are without merit,” Amgen stated in its most recent quarterly filing.