Lower Form 1099-K Threshold Delayed Again
The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations and...
Employee Wellness Plans: Some Benefits May Be Taxable
Feb 26, 2024
The correlation between health and employee engagement has been the subject of many studies in recent years. The overarching conclusion...
FBAR Reporting Requirement is not Unconstitutional
Feb 22, 2024
A district court held that an individual who argued that the reporting requirements of FinCEN Form 114, Report of Foreign Bank...
Digital Asset Upgrade Does Not Result in Income Realization
Feb 19, 2024
A digital asset’s protocol upgrade from a proof-of-work to a proof-of-stake consensus mechanism did not cause a taxpayer to realize...
Business Standard Mileage Rate Increases for 2024
Feb 15, 2024
The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business...
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