Legal Blog Articles by Edward “Teddy” Eynon
Edward “Teddy” Eynon is a corporate transactions & business attorney who writes articles on corporate transactions & business, litigation, and environmental.
Results for articles
How Will the Infrastructure Bill Impact Cryptocurrency?
Author: Edward "Teddy" EynonDate: September 3, 2021
Congress is hoping that tax revenue from cryptocurrency transactions will help fund infrastructure projects across the country. Under a controversial provision in the $1 trillion infrastructure bill approved by the U.S. Senate, cryptocurrency brokers will be subject to new tax-reporting requirements.
As discussed in prior posts, the federal government is steadily increasing its oversight over cryptocurrency as it grows in popularity. The Internal Revenue Service (IRS) has led the charge, seeking to increase tax compliance around cryptocurrency transactions. In 2019, the IRS began sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions or did not report their transactions properly.
US House Passes PFAS Action Act
On July 21, 2021, the U.S. House of Representatives passed the PFAS Action Act of 2021 (H.R. 2467)... On July...
Why Does Congress Take a Summer Vacation?
Every August, Congress adjourns for a month-long recess... Every August, Congress adjourns for a month-long recess. While the recess was...
Cannabis Industry Finds Unlikely Ally in Justice Clarence Thomas
Justice Clarence Thomas is the latest to voice concerns about the continued federal criminalization of marijuana... Justice Clarence Thomas is...
President Biden Not Alone in Facing First-Year Challenges
While it appears that President Biden has reached a deal with Republicans on infrastructure, other priorities, like gun control, voting...
Senate Appropriations Committee Issues Guidelines for CDS Appropriations Requests
May 27, 2021
Congressionally directed spending (CDS) is officially back, with the Senate Appropriations Committee releasing guidelines for making requests for Fiscal Year...
Will Federal PFAS Legislation Become a Reality in a Democratic Congress?
May 24, 2021
Recently introduced legislation would establish a national standard for per- and polyfluoroalkyl substances (PFAS)... Recently introduced legislation would establish a...
The Battle for the US House Is Far From Over — What Businesses Need to Know
April 27, 2021
While Democrats are now in control of the U.S. House of Representatives, their reign may be short lived... While Democrats...
Is Filibuster Reform Really on the Horizon?
April 19, 2021
With a slim majority in the Senate, Democrats have an opportunity to make President Joe Biden’s policy goals a reality,...
What’s the Latest on the Federal Infrastructure Bill?
March 29, 2021
While improving the country’s highways, bridges, railways, and broadband networks has broad bipartisan support, the devil is in the details......