For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report
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Treasury Says 2nd Round Of Stimulus Checks Heading Out Soon
Congress may still be debating the size of additional checks, but Treasury is already taking action to deliver a second round of Economic Impact Payments
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U.S. Springs Surprise By Halting OECD Talks Over Digital Tax
Just days ago, tax professionals were wondering whether the G20 would meet its 2020 deadline to reach an agreement on multinational taxation. We now have
Read MoreTreasury Sends Dire Warning To Congress: We're Running Out Of Money Faster Than Expected
We might have avoided a government shutdown (for now) but barring any last minute actions by Congress, we’re still on track to default on our
Read MoreTax Collections On Pace To Hit Record Highs
If you felt like your tax bill was a little bit higher this year, it wasn’t your imagination. Changes to the Tax Code, including the
Read MoreDebt Ceiling Fix Eases Fears On Tax Refund Delays
Rest easy, folks: your tax refunds are safe. Despite dire warnings that tax refund delays could happen if Congress didn’t address the debt ceiling crisis
Read MoreIRS Rules All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes
The IRS and the Treasury have announced how same sex marriages will be treated for tax purposes – and it’s big!
Read MoreIRS Offers Taxpayers “One More Chance”
My seven-year-old has a penchant for getting herself into trouble. She’s that kind of kid who pushes boundaries to see exactly how far she can
Read MoreDo Americans Want To Pay Higher Taxes To Reduce Our Debt?
Do Americans want to pay higher taxes to pay down our debt? It depends on who you’re listening to. Much has been made of wealthy
Read MoreTreasury Plays Fairy Godmother To Citi, But Kucinich Says Not So Fast
Not everyone is as thrilled about Citigroup’s new tax breaks as, well, Citi. Former presidential contender Rep. Dennis J. Kucinich (D-OH) counts himself of as
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