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Biden signed the Infrastructure Investment and Jobs Act into law, appropriating billions of dollars for infrastructure and other government projects. However, beyond just appropriating funds, the Act also created a new reporting regime for cryptocurrency transactions.

Biden signed the Infrastructure Investment and Jobs Act into law, appropriating billions of dollars for infrastructure and other government projects. However, beyond just appropriating funds, the Act also created a new reporting regime for cryptocurrency transactions.

Also Referred to as Internal Revenue Code Section 6672; I.R.C. § 6672; Section 6672; Trust Fund Recovery Penalty - Background. In certain instances, the Internal Revenue...

Property used to fund grantor retained annuity trust was undervalued.

A qualified domestic relations order (“QDRO”) is a state domestic relations order that assigns to an alternate payee (such as a former spouse or a child) the right to receive all or a...

The revised form is a step in addressing the massive backlog of paper Form 8038-CPs that were built up as a result of COVID-19 related shutdowns.

Description

Non-cash giving is the way to go.

After the debacle that 2020 was for so many companies and professionals in the global E&P industry, there was great hope that there would be recovery this year that would gain in momentum, as the months went by. Instead, what everyone got was a muted recovery, as U.S. operators and OPEC+ members exerted uncharacteristic restraint with regard to drilling and production, respectively.

A marijuana dispensary told the Tenth Circuit the IRS should be blocked from enforcing summonses that seek the dispensary's sales reports and other data, saying the information requests would enforce an unconstitutional law denying tax benefits to pot businesses.