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IEX kicks off targeted advertising campaign that is likely to ratchet up hostilities on an industry donnybrook over fees that some of the biggest stock exchanges charge customers.

The companies are favored by analysts.

Rates for home loans continued their downward trajectory, helped by concerns about the global economy, even as they boosted American house-hunters’ buying power.

In 2018, an additional four million people got access to plastic in America

Bitcoin prices were drifting lower on Thursday, putting a 5-day win streak at risk for the best-known digital currency.

Stocks finish lower Thursday, with the Nasdaq snapping its eight-session winning streak, as fresh economic data out of Europe and Japan suggest further slowing in global growth

There’s plenty of risk and potential for a bargain in these underloved stocks, writes Jeff Reeves.

REITs outperformed the S&P 500 last year and so far in 2019.

Albert Edwards, global strategist at Société Générale, cautions that stock markets were becoming more “detached from reality,” which could “prove fatal,” in the end.

During the week of November 26, senior tax staff on the Senate Finance and House Ways and Means Committees doubted Republicans’ catch-all tax and IRS package’s chances of success. The IRS released guidance granting automatic consent to accounting method changes to comply with new Code Sec. 451(b), as added by the Tax Cuts and Jobs […]

The post Weekly Report from Washington, D.C. appeared first on Tax & Accounting Blog.

Taxpayers who mine, sell or exchange cryptocurrency likely owe federal income tax because of those activities.  But have they reported that income or gain? After dramatic changes in value due to volatile digital currency markets in 2018, they may even have losses. Currently, the IRS has a campaign, actively auditing for failures to report income […]

The post Cryptocurrency Mining and Selling: When Do You Owe Tax? appeared first on Tax & Accounting Blog.

New instructions for IRS Form 8949, Sales and Other Dispositions of Capital Assets, address gain that is deferred when an investment is made in a Qualified Opportunity Fund. If a taxpayer realizes gain on a sale of an asset, but invests that gain in a QO Fund within 6 months, the taxpayer may be able […]

The post Draft Forms Explain How to Report Gain Deferred Due to QO Fund Investments appeared first on Tax & Accounting Blog.

Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 4, 2019, to provide individuals with Forms 1095-B, Health Coverage, or Forms 1095-C, Employer-Provided Health Insurance Offer and Coverage. This is a 30-day extension from the original due date of January 31, 2019. Comment: The due dates for employers and insurers to […]

The post IRS Extends Filing Deadlines, Penalty Relief for Health Insurance Forms (Notice 2018-94) appeared first on Tax & Accounting Blog.

The IRS will grant automatic consent to accounting method changes to comply with new Code Sec. 451(b), as added by the Tax Cuts and Jobs Act (P.L. 115-97). In addition, some taxpayers may make the accounting method change on their tax returns, without filing a Form 3115, Application for Change in Accounting Method. These procedures […]

The post IRS Simplifies, Streamlines Procedures for Changing Accounting Method to Comply with AFS Deadline for All Events Test (Rev. Proc. 2018-60) appeared first on Tax & Accounting Blog.

Senior tax staff on the Senate Finance and House Ways and Means Committees seem to doubt Republicans’ catch-all tax and IRS package’s chances of success. Whether the roadblock will come down to time or votes, the package currently faces an uphill battle in the Senate. House Ways and Means Committee Chairman Kevin Brady, R-Tex., unveiled […]

The post Senate, House Tax Staffers Doubt Success of GOP’s Tax, IRS Package appeared first on Tax & Accounting Blog.

Highly anticipated foreign tax credit regulations have been issued that provide guidance on the significant changes made by the Tax Cuts and Jobs Act (P.L. 115-97) to the foreign tax credit rules. The proposed regulations address: (1) the allocation and apportionment of the deductions underCode Sec. 861 through Code Sec. 865 and adjustments to the […]

The post Proposed Regulations Address Foreign Tax Credit and Tax Cut and Jobs Act Changes (NPRM REG-105600-18; IR-2018-235) appeared first on Tax & Accounting Blog.

House Republicans’ blazing, 297-page tax package of IRS reforms, tax extenders, disaster relief, retirement savings, and corrections to last year’s tax reform has received an icy reception from congressional Democrats. Although the ambitious and lengthy tax package contains several bipartisan proposals, Democrats appeared caught off guard by its release and have already begun voicing opposition. […]

The post House GOP Catch-All Tax Package Likely Faces Uphill Battle in the Senate appeared first on Tax & Accounting Blog.

The House is expected to vote this week on a 297-page tax and IRS oversight package. Generally, the broad legislative package addresses year-end tax extenders, retirement savings, disaster relief, IRS reform, and technical corrections to last year’s tax reform legislation, among other things. Additionally, the package contains elements of Republicans’ “Tax Reform 2.0” package approved […]

The post Republicans Seek to Pass 297-Page Tax, IRS Package During Lame-Duck Session appeared first on Tax & Accounting Blog.

A taxpayer that elects out of the  business interest deduction limits won’t need to file an accounting method change when switching to the MACRS alternative depreciation system (ADS), according to the IRS. During recent informal remarks, the IRS said it plans to allow electing farmers and real estate businesses to make the required switch to […]

The post Electing Out of Interest Deduction Limit and Switching to ADS Is Not an Accounting Method Change appeared first on Tax & Accounting Blog.