The Treasury and the IRS issued proposed regulations on Jan. 8 to align backup withholding rules with the One Big Beautiful Bill Act's restoration of the original $20,000 and 200-transaction threshold ...
On June 12, 2025, the Internal Revenue Service (IRS) released Notice 2025-33 which extends for an additional calendar year the transitional relief initially provided in Notice 2024-56 to brokers ...
Taxing authorities’ use of these new tools and capabilities requires corresponding adoption by tax professionals.
The digital asset ecosystem continues to evolve, driven by technological advancements and shifting regulatory frameworks. Recent updates from the IRS and insights from Taxbit and other industry ...
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