The US Securities and Exchange Commission has put the financial world on notice: It considers a range of widely traded digital assets to be securities, a position that could impose steep regulatory requirements on digital-asset exchanges. Recently announced legal actions against some of the biggest names in crypto trading will put that proposition to the test. Figuring out what does or doesn’t make a coin a security is still a major point of contention.

Crypto exchange Binance.US is being thrown deeper into disarray, as banking partners prepare to rescind support, liquidity dries up and traders withdraw tokens from the platform while US regulators clamp down on the company and its owner.

Robinhood Markets Inc. will remove three tokens from its crypto trading platform, after a high-profile regulatory crackdown on some of the industry’s biggest exchanges.

Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US.

Remember Web 3.0? No? Allow ChatGPT to refresh your memory: Web 3.0, according to GPT-4, is “the next frontier in internet technology, characterized by decentralized, user-centric applications that prioritize data privacy and foster seamless, interconnected experiences.”

Jared Bernstein’s nomination to chair the White House Council of Economic Advisers is set for a vote next week under a plan announced by Majority Leader Chuck Schumer (D-N.Y.).

The IRS has published a private letter ruling on Section 860D and Treasury Regulation Section 301.9100 granting an extension of time for an election for taxpayer to be treated as ...

Spanish Prime Minister Pedro Sanchez will likely extend a multibillion euro package of measures to offset the impact of high inflation due to expire by the end of this month, according to a person familiar with the plan.

Guidance on the tax treatment of employer-funded, insured, fixed-indemnity wellness policy payments for individual income, corporate income, trust income, sales and use, excise, and property tax purposes, the Chief Counsel’s ...

The IRS has granted large corporations a reprieve from payment of corporate alternative minimum tax while it considers future regulatory guidance, just ahead of a June 15 quarterly payment deadline, says Gunster’s Alan Lederman.

Guidance on whether an employer is eligible to receive a refund for an overpayment of tax imposed by the Federal Insurance Contributions Act (FICA) paid on behalf of an employee ...

The IRS has published its Internal Revenue Bulletin. [Internal Revenue Bulletin 2023-24 (June 12, 2023)]

Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Irina Kimelfeld, a tax partner at EisnerAmper and a member of its financial services group in New York City.

Getting taxes right can affect both financial and mental health for military personnel and their family, says Lee Reams Sr. of CountingWorks Inc.

California taxpayers participating in syndicated conservation easements or micro-captive insurance companies have a four-month window to settle with the Franchise Tax Board and avoid some or all state penalties. The Internal Revenue Service considers both transactions possible illegal tax shelters.

The Ritz-Carlton Dove Mountain failed to convince an Arizona appeals court that it’s entitled to a refund for transaction privilege taxes paid on reimbursements it received through the Marriott Rewards Program.

A nonprofit formed to protect the quality of New York City’s drinking water isn’t a charitable organization exempt from property taxes, a state appeals court ruled Thursday.

Sales tax revenue increased 2.3% to $26.7 billion in April from the same month in 2022, according to U.S. Census Bureau data for 31 states compiled by Bloomberg. North Dakota rose the most, up 15.8%, and Montana fell the most, down 12.3%.

The US Securities and Exchange Commission has put the financial world on notice: It considers a range of widely traded digital assets to be securities, a position that could impose steep regulatory requirements on digital-asset exchanges. Recently announced legal actions against some of the biggest names in crypto trading will put that proposition to the test. Figuring out what does or doesn’t make a coin a security is still a major point of contention.

Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Irina Kimelfeld, a tax partner at EisnerAmper and a member of its financial services group in New York City.

After years of unfettered growth, the providers of ESG ratings will soon have to adjust their businesses to comply with new regulations or face hefty fines if they fail to comply, according to a draft document seen by Bloomberg News.

Jared Bernstein’s nomination to chair the White House Council of Economic Advisers is set for a vote next week under a plan announced by Majority Leader Chuck Schumer (D-N.Y.).

BDO USA LLP auditors failed to scrutinize the work of their clients and partners fell short in supervising the work of audit teams, according to new details from the firm’s 2018 regulatory inspection.

The way to deal with short sellers is to run a good business that makes a lot of money; this will make your stock go up, and the shorts will take care of themselves. Short sellers don’t matter! They can’t hurt you!