Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.
The $80 billion in new funding the IRS will get over the next decade offers a chance "to bring US tax administration into the 21st century," according to National Taxpayer Advocate Erin Collins.
Collins leads the Taxpayer Advocate Service, an independent office within the agency that provides...
The IRS and Treasury pushed back the effective date for brokers forced to report client transactions to the IRS, giving the cryptocurrency industry some relief as they wait for more guidance.
There are still a lot of unknowns about how to report and what exactly is required—answers the industry...