Tax-and-Climate Law, Global Tax Deal Rules Are on Tap for 2024

Guidance on President Joe Biden’s tax-and-climate law, the global tax deal, and cryptocurrency will take center stage this year.

Ahead of this year’s presidential election, the Treasury Department and IRS will likely be focused on rules that flesh out how many tax-and-climate law provisions will work, including the corporate alternative minimum tax and clean energy tax credits. Treasury and the IRS are also planning to release several long-awaited guidance items in areas such as previously taxed earnings and profits and cloud-computing transactions.

Here’s a look at the major tax-related regulatory items coming this year.

Tax-and-Climate Law

Treasury has said it ...