The relief allows taxpayers to use alternative methods to make adequate identification of digital asset units that are sold, disposed of, or transferred during the relief period.

The AICPA Professional Ethics Executive Committee seeks comment on a revised definition to gather input on whether the ...

The recommendations include allowing taxpayers to rely on substitute reasonable cause when appropriate, permitting them to reserve the automatic first-time abatement for future use.

The report highlights the activities of the group charged with working with FASB to improve the process of setting accounting standards for private companies.