Tax preparers are subject to various federal laws and regulations. For those who are attorneys, CPAs, enrolled agents, and other authorized professionals, IRS Circular 230 mandates rigorous ...
Related article: US Treasury, IRS Finalize Crypto Broker Tax Reporting Rules This reporting is not a new tax but a compliance measure to reduce errors and improve tax filing accuracy. The US ...
US citizens are generally required to report such assets to the IRS. Understanding these reporting requirements is crucial to avoid penalties and remain in good standing with US tax authorities. So, ...
The IRS will require centralized trading platforms to report users’ crypto transaction information to the tax department through the newly established 1099-DA form. The implementation schedule shows ...
An IRS criminal tax investigation of a preparer can rapidly escalate a routine federal civil tax audit of a taxpayer's own returns into an exponentially more intense inquiry, with potential felony ...