The American Institute of CPAs proposed a set of revisions Monday to its Statements on Standards for Tax Services and separately sent the Internal Revenue Service its recommendations for revising the ...

The IRS added a new question to the top of the 1040 tax form, aimed at identifying people who make money on cryptocurrency transactions. Cryptocurrency, or virtual currency, includes things like ...

The IRS highlighted in a news release that all filers of Forms 1040, U.S. Individual Income Tax Return, 1040-SR, U.S. Tax Return for Seniors, and 1040-NR, U.S. Nonresident Alien Income Tax Return, ...

Americans who thought they should buy some cryptocurrency in 2021 might be in for a rude awakening. With less than a month to go before the April 15 filing deadline, the IRS is warning taxpayers that ...

The Internal Revenue Service has released a draft version of the Form 1040 for next tax season, with an expanded question about virtual currencies, now referred to as digital assets, along with other ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. The IRS has just issued a reminder to taxpayers that there is a ...