TAXATION

Top 10 IRS Challenges for 2020
 

Top 10 IRS Challenges for 2020

Posted: October 18, 2019
The Treasury Inspector General for Tax Administration has reported on the most serious management and performance challenges facing the Internal Revenue Service for fiscal 2020. The memorandum lists 10 challenges in order of importance, ranging from data security to achieving operational efficiencies.


IRS Issues Additional Guidance on Tax Treatment of Virtual Currency
 

IRS Issues Additional Guidance on Tax Treatment of Virtual Currency

Posted: October 9, 2019
The IRS has provided additional detailed guidance to help taxpayers better understand their reporting obligations for specific transactions involving virtual currency. The new guidance includes Revenue Ruling 2019-24 and frequently asked questions.








The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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