Current Federal Tax Developments

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2023-01-16 The IRS Memos on Cryptocurrency

This week we look at:

  • IRS begins accepting returns on January 23

  • California taxpayers get due dates delayed until May 15

  • Amended return research credit additional information requirements added to draft Form 6765 instructions

  • Employer provided housing not excluded from income under §119

  • No loss allowed on not quite worthless not really stablecoin

  • Appraisals required for donation of cryptocurrency

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2023-01-16 The IRS Memos on Cryptocurrency Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with this week’s articles can be downloaded below:

2023-01-16 Current Federal Tax Developments