Insights

A Crowell team served as special tax counsel to Sweden-based music investment firm Pophouse Entertainment in its recent acquisition of the music catalogue, brand name, and intellectual property of iconic American rock band Kiss.  

Washington – May 18, 2023: Christine K. Lane has joined Crowell & Moring as co-chair of the Tax Group, expanding the firm’s ability to handle the U.S. federal tax aspects of complex business transactions, including domestic and cross-border mergers, acquisitions, joint ventures, and recapitalizations.

The Treasury and IRS published their final rules on transferability for clean energy tax credits on April 30, 2024. The final rules include very few changes from the proposed regulations and rejected many of the suggestions offered by commenters during the public hearing.

Tax partner and co-chair Christine Lane and tax partner Carina Federico discuss recent developments with the Inflation Reduction Act.

On August 30, the U.S. Department of the Treasury (“Treasury”) published in the Federal Register proposed regulations addressing the prevailing wage and apprenticeship (“PWA”) requirements under Sections 45(b)(7) and (8) of the Inflation Reduction Act (“IRA”).  These proposed regulations incorporate and supplement the limited guidance issued previously, which includes Notice 2022-61, published by the Treasury in November 2022, as well as the Frequently Asked Questions (“FAQ”) on the Department of Labor’s IRA website.  The proposed regulations shed light on various issues of significance to taxpayers seeking the enhanced tax credits provided by the IRA, as well as other stakeholders. 

Crowell & Moring’s Tax Group invites you to join us for the 37th Annual Managing Tax Audits and Appeals. The seminar will provide an overview of everything you need to know about recent developments and hot topics in tax, from planning through litigation, including perspectives from the IRS.