Wolters Kluwer has added cryptocurrency integration to its CCH Axcess Tax and ProSystem fx Tax preparation applications. The integrations have been made available via partnerships with CoinTracker and Verady, which markets Ledgible Tax Pro.

The Internal Revenue Service will automatically recalculate taxes on unemployment benefits in light of the American Rescue Plan. The agency will automatically refund money for those  who filed returns before the law was signed on March 11 and are eligible for such aid.

The Internal Revenue Service has detailed two areas of taxability stemming from the COVID-19 pandemic this week. These include the deductibility of personal protective equipment and taxation of emergency financial aid grants for students