The knowledge and insight from NZ US Tax Specialists, demonstrating our understanding of complex tax issues and challenges facing our clients.

AICPA requests expanded IRS Notice 2022-36 penalty relief

The Treasury Department and the IRS recently granted relief from various failure to file penalties imposed under the Internal Revenue Code for the 2019 and 2020 tax years. Notice 2022-36 (Notice) grants automatic penalty relief on late filed 2019- and 2020-income tax...

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IRS to commence issuing 1099-B for crypto

It has been widely publicized that the price of Bitcoin and other cryptos have taken a dive in what has been coined (excuse the pun) a crypto winter. This comes on the coattails of an all-time peak in late 2021. The value of Bitcoin soared last year and in November...

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