This article examines the federal tax implications of digital asset transactions, including common events that could cause a transaction to be taxable.

Taxpayers who incur research and experimental (R&E) expenditures on or after tax years beginning January 1, 2022, will see a change in the deductibility of Internal Revenue Code (IRC) Section 174 expenses.

Processing backlogs led to long refund delays in 2021, and delays are expected to continue into 2022. Read on for tips on tracking your refund.

As part of the American Families Plan, President Biden proposed that financial institutions should report to the IRS consumer and business account activity exceeding $600 annually. Read on for more.

Read on for helpful guidance regarding the recent increase in identity thieves fraudulently filing claims for and receiving unemployment benefits on behalf of taxpayers.

Final regulations have been released implementing amendments for determining the taxable year in which an amount must be reported as gross income on a taxpayer’s return.

The IRS recently published final regulations on nondeductibility of penalties and related reporting requirements. Read on for more details.

The IRS recently extended some key dates for Opportunity Zone investments and key tests related to Qualified Opportunity Funds. Read on for more details.

The U.S. Tax Court recently decided in favor of the IRS in a case involving a large transfer pricing adjustment. Read on for more details.

The IRS recently released long-awaited guidance regarding the reporting of the emergency grants to students on Form 1098-T.