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Cryptocurrency purchases made in fiat currencies are not subject to any type of IRS tax reporting according to updated FAQs on cryptocurrency from the IRS.

Interest rates will remain the same for the second quarter of 2021, the IRS announced March 2.

The AICPA is requesting the IRS postpone tax deadlines until June 15 in response to several issues that make it impossible for many taxpayers to meet the April 15 deadline.

The Wisconsin Legislative Council recently issued new documents regarding state laws on personal internet account privacy, records containing personal information and use of SSNs.

In a new press release, the AICPA called on Congress to extend the application period for the Paycheck Protection Program by at least 60 days.

The DOR has published more information about COVID-19 relief loans granted by state programs that are now tax-exempt as a result of 2021 Wisconsin Act 1.

The IRS recently issued guidance for employers claiming the employee retention credit for 2020, including the eligibility rules for PPP borrowers.

The IRS is reminding businesses of their responsibility to file Form 8300 for large cash transactions over $10,000.

Videoconferencing can be tiresome, but there are easy ways to improve your virtual experience.

New exposure drafts from two AICPA committees propose additional guidance on CPAs’ responsibilities related to noncompliance with laws and regulations.