Bitcoin

The first challenge for the new chief executive officer of Binance.US: combat the perception that his company is simply a stand-in for a sister crypto firm that’s under investigation by the IRS and the DOJ.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.

As businesses invest in cryptocurrency and sell assets like nonfungible tokens, they should be aware of the accounting and tax issues surrounding them.

Firms need to prepare themselves to handle the tax and reporting challenges surrounding their clients' crypto-assets.

If you got rich buying Bitcoin a year ago, Elon Musk is inviting you to purchase one of his cars with some of the proceeds. The taxman will be watching if you do.

Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet.

You can provide a bit (coin) of good news for clients with outsize short-term gains from alternative assets.

The valuation of cryptoassets can have a significant impact on portfolio accounting and taxes.

In 2019, Armanino debuted TrustExplorer, an assurance platform that uses blockchain technology to provide continuous evidence collection and on-demand audit opinions.

The acceptance of digital currencies continues to rise.

Smart Eye Technology releases screen privacy and document security platform; Wolters Kluwer TeamMate+ named finalist in Saas Awards; and Mode app now allows instant Bitcoin transfer.

Taxation and regulation are steps toward further legitimizing cryptocurrency.

A Bitcoin investor in New Hampshire has filed a lawsuit against the Internal Revenue Service after he received a letter from the IRS inquiring about his digital currency holdings.

In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.

To better understand how the U.S. tax rules apply to virtual currency, one can view the many technical issues that arise as answering one of four questions.

The Public Company Accounting Oversight Board released a document Tuesday with information for auditors and audit committees about audits involving cryptoassets, such as Bitcoin and other digital currencies.

The firm joins a growing group that is accepting cryptocurrency as payment.

Around the same time a sorely needed economic relief package made its way through Congress into law to try to offset the economic wreckage of COVID-19, a unique proposal came to light.

The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won’t have any record from a Form 1099 about their cryptocurrency transactions.