While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out…
Read Article
ARTICLE | June 20, 2023 Authored by RSM US LLP Executive summary: Proposed and temporary regulations Section 6417 was added to the Internal Revenue Code (Code) by the Inflation Reduction…
Read Article
YHB is pleased to announce that Principal Krystal McCants has been selected as the Vice Chair for the Virginia Society of CPAs (VSCPA) 2023-24 Board of Directors. McCants, a trusted…
Read Article
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends —…
Read Article
High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s imposed in addition…
Read Article
Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four…
Read Article
