Bitcoin

If we establish a Bitcoin reserve, the U.S. taxpayer loses and the wealthiest Bitcoin holders win.

The new administration has discussed creating a strategic Bitcoin reserve. What accounting changes would we see as a result?

An early Bitcoin investor sentenced to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes.

Among other things, Roger Ver is charged with filing a false 'exit tax' return after he renounced his U.S. citizenship in 2014

To the Internal Revenue Service, Roger Ver symbolizes a new target in the digital age: a crypto holder suspected of failing to pay taxes after selling tokens.

Whenever MicroStrategy implements a new accounting rule, and values its crypto assets at market value at the end of each reporting period, that could trigger a major cash tax obligation.

Let me pay that; W-2-timer; the early bird gets a cell; and other highlights of recent tax cases.

Crypto moves forward; what to know about gambling; new blog in town; and other highlights from our favorite tax bloggers.

2024 has been a dramatic one for cryptoassets, and as the year continues, accounting professionals will need to be able to keep clients informed.

A crypto investor known as "Bitcoin Jesus" has been released on bail in Spain, where he faces extradition to the U.S. on tax fraud charges.

Roger Ver, an early crypto investor who was sometimes referred to as Bitcoin Jesus, has been charged with mail fraud, tax evasion and filing false returns.

The existing guidance directs public companies, including banks, to count crypto they custody as liabilities on their corporate balance sheets.

Quarterly results at MicroStrategy Inc. will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at market prices.

The Securities and Exchange Commission's approval came despite skepticism of the asset and its value, following an appeals court decision.

The Swiss city of Lugano started to accept cryptocurrencies for paying taxes, fines and all other invoices from the municipality.

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like bitcoin held by companies.

Cryptocurrency mining is such an energy-intense activity now that a recent study found its presence can increase electricity bills in the overall surrounding community.

An Ohio man photographed lounging in a bathtub full of dollar bills stole 713 Bitcoin from a computer device seized by the IRS in a case against his older brother.

The service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin as legal tender.

Crypto seems a bit cryptic to many accountants, but it doesn't have to be.