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FASB will require entities to use fair value accounting for crypto assets and provide additional information about their crypto holdings beginning in 2025.
Discussion of the biogas industry and tax credits that can be obtained.
Those applying for the Qualifying Advanced Energy Project Credit must use the DOE eXCHANGE portal. It is now open for business. Contact Weaver if you have questions.
The IRS has issued guidance on new sustainable aviation fuel tax credits that take effect on January 1, 2023. The guidance, Notice 2023-06, includes the following:
The demand for guidance on how firms should manage digital assets for accounting purposes continues to grow in tandem with the use and acceptance of crypto assets.
The Fifth Circuit Court of Appeals and the U.S. Court of Federal Claims held that the blends of butane and gasoline would not be eligible for the alternative fuel mixture credit.