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The company has also partnered with Verady, a crypto-focused accounting firm, to acquire reliable data on the volatile virtual currency markets.January 10
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Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it’s been used for digital assets like Bitcoin.January 9
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For the first time in more than five years, the IRS released further cryptocurrency tax guidance.December 26
Co-founderCryptoTrader.Tax
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Lukka, which makes blockchain products for the cryptocurrency ecosystem, has debuted a do-it-yourself tax preparation product for taxpayers reporting cryptocurrency assets on IRS Forms 1040 and 8949.December 18
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The Internal Revenue Service is seeking information from more taxpayers who hold virtual currency like Bitcoin, but in a ruling last week, a judge ordered the IRS to limit its summons for information from one cryptocurrency exchange, BitstampDecember 3
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Tax attorneys, accountants and cryptocurrency investors have been asking for this guidance for years.November 6
Partner, Citrin Cooperman and Partner, Anderson Kill
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The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.October 11
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New releases address virtual currency transactions and how to handle a ‘hard fork.’October 9
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The deadline is approaching soon for many businesses to file their reports on unclaimed property, and now they might want to include lost bitcoins and forgotten cryptocurrency passwords.September 11
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The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.September 9
PartnerWithersworldwide
