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Like their cryptocurrency cousins, non-fungible tokens are generating market interest, and tax confusion.
January 3Wolters Kluwer Tax & Accounting -
The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.
November 12 -
Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).
October 20Tax & Accounting Professionals business of Thomson Reuters -
The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.
September 13 -
Sure, you might have to actually pay U.S. taxes on those crypto trades. But at least it will be easier to figure out how much you owe.
August 2 -
Congress introduced bipartisan legislation aimed at changing the estimated tax payment deadlines to a uniform, quarterly schedule.
July 2 -
House Democrats in high-tax New York, New Jersey, enlist help from firefighters, teachers and other union members to repeal the $10,000 SALT cap on deducting state and local taxes, including property taxes.
June 24 -
Some clients may have to pay the money back if their jobs or salaries change.
June 21 -
President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates.
May 19 -
The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.
April 22