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A tax consultant and CPA analyzes the recent decision by the IRS to refund $3,200 to the Tennessee couple taxed on their Tezos staking rewards. This piece is part of CoinDesk''s Tax Week.

As we head toward March, one of most dreaded times of the year approaches: tax season. Right now is the time when you’re inundated with tax documents, including a W-2 from your employer, 1099s from your side gigs, 1099-MISC statements from your online brokers, 1099-Rs for retirement income and more. There isn’t much you can do now to reduce your 2021 tax obligations outside of contributing more to tax-deferred retirement accounts. That’s why the beginning of the year is the perfect time to adopt new strategies to minimize your tax obligations for 2022. SEE MORE Is Your Stimulus Check Taxable? All too often, your focus is on the rearview mirror – what you’ve already done and what you’ll have to pay. Instead, when you shift your focus to a proactive stance, you’ll reap the rewards throughout this year and into 2023, when you’ll file your taxes for this year. As an enrolled agent – a professional who has earned the privilege of representing taxpayers before the Internal Revenue Service (IRS) – and a financial adviser, there are three strategies that I’ll share with you that have the potential to reduce your taxes in coming years.

The Treasury Department says the IRS is facing a sizeable backlog from 2021, which could delay your tax return this year. Ted Rossman, senior industry analyst at Bankrate.com, joins CBS News to discuss when people can expect to get their refunds and how inflation may affect how people will spend that money this year.

The tax-exempt bond market is perennially under heightened scrutiny by various regulators, including the Internal Revenue Service (the "IRS"), the United States Securities and Exchange Commission (the "SEC") and the Municipal Securities Rulemaking Board (the "MSRB"). A primary focus of these regulators is on post-issuance compliance. The purpose of this publication is to summarize the topic of post-issuance compliance for interested parties. It is intended to assist: • treasurers, finance… By: Orrick, Herrington & Sutcliffe LLP

Settling up with the IRS at tax time can be complicated if youve been doing a lot of cryptocurrency trading. Gains from sales of digital assets can be subject to

IRS clarifies rules around undistributed income and incidental and tenuous benefits received by disqualified persons.

For crypto users who use multiple exchanges or wallets, understanding how the IRS treats cost basis assignment can eliminate confusion. This post is part of Tax Week.

The IRS has announced that it will switch to government-run authentication service Login.gov as a verification provider for taxpayers, although ID.mes human video review service will still be used ahead of the 2022 tax filing deadline.

Tax Court, District Court or Claims Court? The primary advantage of Tax Court is that you don''t have to pay the tax first. In contrast, most taxpayer suits in U.S. District Court or U.S. Claims Court are after the tax has been paid., suing for a refund.

Elon Musk is currently the world''s richest person, with a net worth of $220 billion. Some reports suggest he paid no federal income tax in 2018.

You can double the money the IRS sends you while taking very limited risk.

WASHINGTON >> The Internal Revenue Service said Monday that it would allow taxpayers to opt-out of using facial recognition technology to gain access to their online accounts and would shift to an entirely different identity verification system next year as the agency tries to alleviate backlash over its use of biometric data.

The IRS announced Monday that it will allow taxpayers to opt out of using facial recognition technology for identity verification.Those trying to access their online accounts can instead verify their identity through a live, virtual interview

Mumbai news: NCP minister Nawab Malik had earlier claimed that the IRS officer was only 17 years old when he received liquor licence for the bar he owns in Navi Mumbai.