Draft of Form 1099-DA for Reporting Digital Asset Transactions Released
The IRS, in its release of the draft of the Form 1099-DA for brokers to report digital asset transactions, includes the broad...
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Victoria Bogdanovich has contributed 135 entries to our website, so far.
Final Regs. Issued for New, Previously Owned Clean Vehicle Credits
Jul 30, 2024
The IRS issued final regulations (T.D. 9995) Friday for new and previously owned clean vehicle credits, including rules for how buyers...
Income Tax Treatment of Loyalty Point Programs
Jul 26, 2024
Taxpayers administering funds for loyalty point programs on behalf of multiple parties are often perplexed about the appropriate federal income...
Recapture of Foreign Loss does not Exempt Other Gain from Tax
Jul 23, 2024
A multinational telecommunications company could not avoid recognizing gain on $2.8 billion of a $3.8 billion total gain from its...
IRS Announces Delay for Form 1042 E-Filing Requirement
Jul 18, 2024
Based on comments from withholding agents about difficulties in transitioning to the electronic filing of Form 1042, Annual Withholding Tax Return...
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