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Senate Probes Crypto Taxes After IRS Eases Corporate Rules

Key Takeaways

  • ​On October 1, the Senate Finance Committee held a hearing to review how cryptocurrencies are taxed in the US;
  • The IRS and Treasury released two guidance documents on September 30 to simplify Corporate Alternative Minimum Tax (CAMT) rules;
  • New guidance allows firms to exclude unrealized crypto gains or losses from CAMT income, which reduces compliance burdens.​

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Senate Probes Crypto Taxes After IRS Eases Corporate Rules

On October 1, the Senate Finance Committee held a hearing focused on the taxation of cryptocurrencies.

This discussion followed recent actions by the Treasury Department and the Internal Revenue Service (IRS) aimed at simplifying certain tax requirements for large businesses, including those involved in crypto transactions.

The IRS and Treasury released two guidance documents, Notice 2025-46 and Notice 2025-49, on September 30. These documents offered temporary instructions to help companies understand and comply with the Corporate Alternative Minimum Tax (CAMT).

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The CAMT, introduced through the Inflation Reduction Act of 2022 under President Biden, sets a 15% minimum tax rate on the financial statement income of large corporations.

One of the new notices, 2025-49, outlined how to apply the CAMT using parts of the tax code, including Sections 55, 56A, and 59. A key point in this guidance is a provision that allows businesses dealing with cryptocurrencies to exclude unrealized profits or losses from their CAMT calculations if those assets are held at fair value.

This adjustment is designed to prevent companies from being taxed on unrealized changes in value.

The IRS guidance provides businesses with more certainty and reduces the effort required to comply with the current tax framework while final rules are still being developed.

Meanwhile, the US Securities and Exchange Commission (SEC) provided new clarity for investment advisers looking to store cryptocurrency. What does it cover? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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