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SAPWG Adoptions from the 2022 Spring NAIC Meeting

The Statutory Accounting Principles Working Group (SAPWG) met recently as part of the NAIC spring meeting.  As a result of the meeting, the following items were adopted and will be effective as of the dates noted. We have compiled them below to help you see how they...

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How Does IRS Contact Taxpayers?

Know the facts about how the IRS contacts taxpayers The IRS has reminded taxpayers how it will and, perhaps more importantly, will not contact taxpayers. When the IRS needs to contact a taxpayer, usually it first delivers a letter through the U.S. Postal Service....

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2023 IRS cryptocurrency reporting requirements

Under the broker information reporting rules, brokers must report transactions in securities to both the IRS and the investor. These transactions must be reported on Form 1099-B. Legislation enacted in 2021 extends these broker information reporting rules to...

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