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IRS Hopes to Tackle Information Reporting in Next Crypto Guidance

The IRS’s next round of crypotcurrency guidance will likely focus on information reporting, the agency’s top lawyer said. “It’s no mystery that when you have any kind of information reporting your level of compliance increases dramatically,” IRS chief counsel Michael Desmond said at an event hosted by the Tax Policy Center.

New York City Has a Property Tax Problem

In 1981 New York City adopted a new property tax system. Still in place today, the system created odd discrepancies where, for example, owners of tenement buildings can be assessed as if they’re luxury condos.

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