In this crypto double feature, we discuss Treasury’s apparent reluctance to treat stablecoins as cash, and the J5’s highlighting of tax evasion risks inherent in crypto trading desks and payment processors.
More than 250 years after the Boston Tea Party, the Supreme Court has reaffirmed a familiar refrain: no taxation without representation—meaning tariffs require congressional approval.
A recent Fifth Circuit discussion rejected the IRS’s “passive investor” standard for the “limited partner exception” and adopted a new standard based on state limited partnership law.
New CAMT guidance released on February 18 preserves the benefits of R&D relief enacted in 2025.
2025 was defined by the rollback of the prior administration’s clean energy incentives. In 2026, the focus turns to implementation, with energy tax credit guidance under the OBBBA firmly on Treasury’s agenda. What does the next phase mean for the energy tax credit market?