Amid the flurry of proposed rulemakings that were published in the month prior to President Trump's inauguration, the ...

The guidance aims to standardize treatment and improve compliance regarding retirement distributions that are not immediately cashed by recipients.

As part of the Inflation Reduction Act of 2022, there’s a new one percent excise tax on stock repurchases by certain corporations. The IRS has now issued proposed regulations related to the tax ...

Those are the main takeaways from new regulations that the IRS and U.S. Department of Treasury finalized Friday — essentially implementing a provision of the Biden administration’s ...

Treasury and the IRS on Friday proposed regulations to update the rules that govern practice before the IRS. These rules are contained in Treasury Circular 230, Regulations Governing Practice Before ...

On August 25, 2023, the U.S. Department of the Treasury and the IRS released proposed regulations on reporting by brokers for sales or exchanges of digital assets.

Starting in 2025, digital wallet users will face new IRS regulations for income reporting. ... as it exempts Zelle from the tax regulations that mandate other apps to issue Form 1099-K.

On April 25, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued final regulations (Final Regulations) on tax credit transfers pursuant to Section 6418 of the Internal ...

This proposed regulation would the affect certain tax professionals, who can practice before the IRS, encapsulated in Treasury Department Circular 230. The proposed amendments reflect legal ...

The last Trump administration placed limits on new federal regulations, and the IRS has been active since the November election in promulgating new regulations. The new Treasury Secretary, Scott ...

The Internal Revenue Service's final regulations on new and previously owned clean vehicle credits along with the transfer of eligible credits took effect July 1, and accounting firms are helping ...