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IRS provides additional transition relief for brokers who are required to file information returns and backup withhold on certain digital asset sales

June 12, 2025 The U.S. Department of the Treasury and the Internal Revenue Service today issued Notice 2025-33 extending and modifying the transition relief provided in Notice 2024-56 for brokers who are required to file Form 1099-DA, Digital Asset Proceeds From Broker Transactions to report certain digital asset sale and exchange transactions by customers.

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Important Notice #25-09: Uranium Enrichment and Nuclear Energy Production Facilities

May 23, 2025 Effective July 1, 2025, Public Chapter 517 (2025) makes several changes to Tennessee sales and use tax law by allowing nuclear energy production facilities to qualify for the pollution control credit on certain purchases, deleting the statutory provision stating the enrichment of uranium materials on a cost-plus or “toll enrichment fee” basis is a taxable service, and by exempting qualified purchases of industrial machinery used to enrich, convert, or reconvert uranium.

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