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Tax Refunds on Unemployment Benefits Start to Go Out This Week

Starting this week, the Internal Revenue Service is sending refunds to people who paid taxes on their unemployment benefits before Congress excluded a large portion from tax, Ken Corbin, commissioner of the IRS’s Wage and Investment Division, says at a virtual conference.

Intercompany Partnership Interest Sale Rules Seen As Priority

IRS regulations on the treatment of intercompany sales of partnership interests for purposes of the 2017 tax law’s limit on debt interest payment write-offs “should be high on our checklist of things we should take care of,” an agency official said Friday.

Binance Crypto Exchange Probed by U.S.

May.13 -- Binance Holdings is under investigation by the Justice Department and Internal Revenue Service, ensnaring the world’s biggest cryptocurrency exchange in efforts to root out illicit activity that’s thrived in the red-hot but mostly unregulated market. Bloomberg's Jesse Westbrook has more on "Bloomberg Markets."

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