Insights & Resources

To prepare for required reporting in 2025, the IRS released draft Form 1099-DA for Digital Asset Brokers to report digital proceeds to their customers and the IRS.

The credit is aimed at bolstering and incentivizing the emerging biotechnology sector to create jobs and invest in NYC and is available 1/1/23-1/1/26.

In a business sale, due diligence is critical to mitigate the risk of unexpected tax issues for buyers and sellers. Find out key components of tax due diligence.

A summary of changes to R&E expenditure tax treatment in the proposed Tax Relief for American Families and Workers Act of 2024.

The Internal Revenue Service released interim guidance to clarify the application of IRC Section 174 after the amendments made by the Tax Cuts and Jobs Act (TCJA).

According to the ruling, the fair value of staking rewards should be recognized as taxable income as of the date and time the taxpayer gains dominion and control.

The law, which takes effect Sept. 1, 2023, offers greater clarity for Bitcoin mining companies that use stranded and flared natural gas to power their operations.

New guidance released by the IRS has taxpayers facing the mandatory method change for specified R&E expenditures under IRC Section 174.

By offsetting payroll taxes, the R&D tax credit can be an immediate source of cash for tech companies and others that qualify.

Senators Kirsten Gillibrand and Cynthia Lummis proposed the Responsible Financial Innovation Act to create a comprehensive regulatory framework for digital assets.