Federal Tax Update: Digital Assets, BOI, Conservation Easements and Embezzlement

https://vimeo.com/1044137813?share=copy#t=0

https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/5/2025-01-06-digital-assets-boi-conservation-easements-and-embezzlement

This week we look at:

• IRS gives relief for specific identification of digital asset basis for certain taxpayers for 2025 only
• Department of Justice asks the U.S. Supreme Court to Stay the Latest Corporate Transparency Act Injunction
• IRS no longer to dispute requirement to comply with APA to add listed transactions after the enactment AJCA in 2024
• Tax Court rules that merely being in a registered historic area does not make a building a certified historic structure
• Tax Court finds taxpayer owes tax on over $5.3 million diverted from two retirement plans