The IRS issued final regulations (T.D. 10029) that identify certain transactions that are the same as, or substantially similar to, certain microcaptive insurance transactions as listed transactions ...
The Form 1099-K is an essential information return used by the Internal Revenue Service (IRS) to enhance voluntary tax compliance by reporting specific payments received for goods or services through ...
The IRS routinely monitors abusive tax transactions. If a particular transaction becomes more prevalent, the agency identifies it as a “listed transaction,” requiring self-reporting by taxpayers (IRS ...
The Internal Revenue Service (IRS) released an updated frequently asked questions document for taxpayers and tax professionals this week regarding Form 1099-K, which is used to report income for ...
The IRS, in response to court decisions that went against the agency, issued proposed regulations (REG-109309-22) that identify certain microcaptive insurance transactions as listed transactions and ...