Crowell Talks Tax: IRA And Tax Controversy (VIDEO)

The United States cryptocurrency regulatory landscape has undergone its most dramatic transformation in history. The signing of the GENIUS Act into law on July 18, 2025 — the first comprehensive federal crypto statute ever enacted — marks a before-and-after moment for American digital asset law.

Recent federal legislation has permanently extended the historically high unified exemption amount for federal estate and gift tax purposes. The current exemption of $13.99 million per individual remains in place through December 31, 2025...

The IRS has intensified scrutiny of partnership basis-shifting transactions that manipulate inside and outside basis rules to generate tax savings. While recent regulations were withdrawn under the Trump Administration, the agency maintains its position through Rev. Rul. 2024-14, which identifies three transaction types that fail the economic substance doctrine.

Selling an S corporation involves complex tax and legal considerations that can significantly impact after-tax proceeds. This comprehensive analysis examines stock sales versus asset sales, IRC Section 338(h)(10) elections, F reorganizations, and other transaction structures, revealing how different approaches affect both sellers and buyers through detailed tax modeling and strategic planning insights.

The Treasury Department and IRS have proposed new regulations that would establish an explicit racial nondiscrimination requirement for private schools seeking federal tax exemption under Section 501(c)(3). These proposed rules go beyond existing law by prohibiting all forms of racial discrimination in education regardless of intent, legality, or purpose, potentially affecting admissions policies, scholarship programs, and other school-administered initiatives.

California's Proposition 40 would impose a one-time excise tax of up to 5 percent on billionaires' worldwide net worth, measured as of December 31, 2026, but based on residency as of January 1, 2026. The measure faces significant legal challenges and could be nullified by competing ballot initiatives that have also qualified for the November 2026 ballot.

New York's groundbreaking pied-à-terre tax takes effect July 1, 2026, imposing substantial surcharges on non-resident luxury second homes valued over $5 million. With a complex two-phase implementation, aggressive compliance deadlines, and penalties up to 50% for documentation errors, property owners face critical decisions about exemption eligibility and appeal strategies. Understanding the valuation methodologies, primary residence requirements, and procedural pathways is essential for high-net-worth

On Sunday, May 3, 2026, the Iowa Legislature approved one of the most significant overhauls of Iowa’s property tax and local government finance system in the state’s history.

The Investment Company Institute, the trade association representing more than $45 trillion in assets across mutual funds, ETFs, and other fund structures, has filed a comment letter with the United States Treasury...

Washington voters will decide the future of the state’s new 9.9% tax on annual taxable income above $1 million after a repeal initiative qualified for the November ballot.

The Federal Trade Commission takes decisive action on multiple fronts, from scrutinizing healthcare mergers in Ohio to extending comment periods on personalized pricing policies. Meanwhile, a major payment processor faces millions in penalties for allegedly facilitating merchant fraud and deceptive telemarketing schemes.

The U.S. Department of Commerce has launched antidumping and countervailing duty investigations targeting linear hydraulic cylinders from five countries, with petitioners advocating for an unusually broad scope that would trace component origins through multi-country supply chains and apply duties even after third-country assembly.

U.S. Customs and Border Protection is considering sweeping regulatory changes that would require importers to provide unprecedented visibility into their supply chains, including foreign export documentation, global business identifiers, and AI-driven tracing technologies. These proposed amendments stem from Executive Order 14411 and could fundamentally reshape compliance obligations for companies importing goods into the United States. CBP is seeking public comment on 64 questions by December 1, 2026, offe

A federal court in Illinois recently dismissed a False Claims Act cybersecurity case against Archer Daniels Midland, ruling that the plaintiff failed to demonstrate that alleged cybersecurity deficiencies were material to the government's payment decisions. The decision provides critical guidance on what plaintiffs must prove to successfully bring FCA claims based on cybersecurity noncompliance, particularly regarding materiality requirements that go beyond mere contractual conditions of payment.

Between 2021 and 2025, Medicaid spending on ABA therapy grew six times faster than the number of children who received services, making it one of the fastest-growing areas of Medicaid expenditure, according to CMS. On August 4, 2026, CMS released a toolkit to help state Medicaid and CHIP agencies strengthen their programs and limit fraud, waste, and abuse tied to increased demand for ABA therapy.

Qatar has introduced significant amendments to its Labour Law through Law No. 9 of 2026, fundamentally reshaping employment regulations across multiple dimensions including worker classification, noncompete enforcement, strike conditions, and employer compliance obligations. The reforms extend noncompete durations to two years while requiring Ministry approval, impose stricter conditions on the right to strike, mandate joint committees for larger establishments, and introduce vocational certification requir

Manufacturers of connected products must now comply with the EU Cyber Resilience Act's vulnerability and incident reporting obligations through ENISA's newly launched Single Reporting Platform. This comprehensive guide addresses the critical question every manufacturer faces: can your organization report a cybersecurity incident within 24 hours if one occurs tonight?

The European Commission's Industrial Accelerator Act introduces sweeping changes to the automotive sector, establishing new "Made in the EU" requirements for electric vehicles and imposing conditions on foreign investments in battery manufacturing and critical raw materials.

On 3 September 2026, the European Commission adopted new Guidelines on the application of Article 102 TFEU to abusive exclusionary conduct by dominant undertakings. The Guidelines follow a public consultation on a draft published in August 2024 and reflect substantial stakeholder feedback.

The European Commission has published draft merger guidelines that consolidate and significantly update its analytical framework for assessing mergers, introducing new considerations for innovation, privacy, sustainability, resilience, and labor markets.