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Thought Leadership

Recent Developments in the Reporting and Taxation of Virtual Currency

The growing popularity of virtual currencies and their potential to facilitate tax evasion has prompted the Internal Revenue Service (IRS) and Congress to impose additional reporting requirements on taxpayers who hold or use virtual currencies.

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IRS Issues Guidance about the Early Termination of the Employee Retention Credit

The Internal Revenue Service (IRS) recently provided guidance to employers about the early termination of the Employee Retention Credit (ERC).

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