Employee Wellness Plans: Some Benefits May Be Taxable
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...
IRS Announces Penalty Relief, Resumption of Collection Notices
Feb 12, 2024
The IRS announced Tuesday in Notice 2024-7 that it will provide about $1 billion in penalty relief to almost 5 million taxpayers...
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