Elizabeth Blickley

Aug 15, 2024 | jdsupra.com | Elizabeth Blickley |Adam Young

Summers are the ideal time for movies, baseball, long and winding road trips across the U.S. in search of the perfect family vacation or, just as important, a reasonable crypto tax reporting form. In response to the IRS’s April 2024 release of the draft Form 1099-DA (Digital Asset Proceeds from Broker Transactions), the crypto industry loudly said, “This is crazy!”. But crypto traders, like the Griswolds on their quest to Walley World, were not deterred when things didn’t go their way.

Aug 7, 2024 | jdsupra.com | Elizabeth Blickley |Adam Young

Coinciding with the opening day of the Olympic games, the IRS issued IR-2024-198, again stating that it will deny tens of thousands of ERC claims that, according to the IRS at least “show clear signs of being erroneous,” which adds to the 20,000 ERC claim disallowance letters mailed in December 2023. The IRS also identified five (5) new red flags for taxpayers to look out for with respect to incorrect ERC claims.

Jun 27, 2023 | jdsupra.com | Elizabeth Blickley

It is a truism that agencies required to publicly release documents sometimes hold off on releasing those documents until a Friday afternoon, in the hopes it will be overlooked. The IRS lived up to that truism in releasing a memorandum regarding NIL deals on the first day of the NCAA baseball Super Regionals.