by Sara Raby | Jan 31, 2025 | ASC 740 & ASC 740-10, blog, COGS, Corporate Tax Services, Individual Tax, Technology Tax
On December 31, 2024, the IRS released Notice 2025-7 which provides temporary relief of Treas. Reg. § 1.1012-1(j)(3)(ii) (Revenue Procedure 2024-28) which was set to be implemented on January 1, 2025. The new regulations required digital brokers (aka wallets) to...