Pending further guidance that it intends to issue on the treatment of nonfungible tokens as collectibles, the IRS said that it will use a lookthrough analysis for determining if an NFT is a collectible.
Day: March 21, 2023
IASB aims to amend financial instruments standard for ESG
<![CDATA[ The board proposes modifying IFRS 9 to deal with assets with environmental, social and governance features, as well as electronic payment systems. ]]>
In the blogs: Going slow
<![CDATA[ Evaporation of banks; slow filers; crypto and normal taxes; and other highlights from our favorite tax bloggers. ]]>
Expensify forms steering committee to guide product development
<![CDATA[ The expense management company is consulting with accounting and tech leaders to help guide future product development. ]]>
IRS proposes rules for claiming CHIPS credit
<![CDATA[ The proposed regs cover the advanced manufacturing credit in the CHIPS Act of 2022 to spur development of the U.S. semiconductor industry. ]]>
How to reverse course on collecting Social Security
Individuals receiving Social Security retirement benefits who wish they had postponed them for a larger benefit amount later may have certain options.
Biden’s made-in-USA mandate for tax credit sparks solar dispute
<![CDATA[ The administration is preparing to decide how much American-made equipment must be used in renewable projects. ]]>