On September 30, 2025, the Internal Revenue Service (IRS) released Notice 2025-46 and Notice 2025-49 (the Notices) which provide (i) that the IRS and US Department of the Treasury (Treasury) intend to partially withdraw...more
Snapshot of Activity in June -
The following events are key, but not comprehensive, events for the month of June....more
Background -
On July 3, 2025, Congress passed the “One Big Beautiful Bill Act” (OBBBA). The final version was different from the one previously passed in the House on May 22, 2025 and was subject to multiple revisions and...more
On June 12, 2025, the Internal Revenue Service (IRS) released Notice 2025-33 which extends for an additional calendar year the transitional relief initially provided in Notice 2024-56 to brokers required to report digital...more
6/20/2025
/ Cryptocurrency ,
Digital Assets ,
Filing Requirements ,
Financial Institutions ,
Internal Revenue Code (IRC) ,
IRS ,
New Regulations ,
Penalties ,
Reporting Requirements ,
Tax Liability ,
Taxation