It’s almost Halloween, and the crypto industry is knocking on Congress’ door. With both House and Senate committees hinting at forthcoming crypto tax legislation in recent hearings, now is the perfect time for the crypto industry to ask for some tax treats.
After months of fire from the corporate tax bar, Treasury finally waved the white flag and withdrew the proposed spin-off regulations.
With the clock still ticking on the long-awaited FEOC guidance, here’s what the clean energy tax credit market looks like today.
It’s Halloween season, but the IRS wants to make the corporate alternative minimum tax (“CAMT”) a little less scary. In new guidance, the IRS announced plans to withdraw portions of last year’s proposed regulations and simplify compliance, including for crypto and other affected taxpayers.