Bitcoin

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.

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, Bitstamp

Tax attorneys, accountants and cryptocurrency investors have been asking for this guidance for years.

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.

New releases address virtual currency transactions and how to handle a ‘hard fork.’

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.

The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

The Internal Revenue Service has fired its loudest warning shots yet across the bows of crypto investors.

There's a new front in the agency’s burgeoning scrutiny of the crypto industry.

Firms are helping their clients keep track of Bitcoin and Ethereum assets and transactions, as well as the tax consequences, according to a new report.

A veteran in the technology, Top 100 Firm Aprio now aims to educate the profession

More than 10,000 cryptocurrency investors face a decision as they open letters from the Internal Revenue Service informing them that they may owe taxes on their digital holdings.

Bitcoin owners are being advised to pay back taxes on any income they failed to report.

As cryptocurrency mining continues to grow in popularity, accountants must learn better strategies to serve this growing niche.

For many issues that clients will run across, practitioners are on their own.

Cryptocurrency has taken over the public imagination. How will this affect accountants?

PricewaterhouseCoopers LLP has added cryptocurrency auditing to its list of services as the firm expands into an asset class that is steadily adopting the accoutrements of traditional finance.

Both asset holders and practitioners have to educate themselves on the tax and recordkeeping rules around cryptocurrencies.

From lessons learned in tax season, the blockchain accounting and tax software provider has released several upgrades to its cryptocurrency reporting software, Balance.

EY has announced a significant investment into its Blockchain Analyzer product, as well as, separately, the release of its zero-knowledge proof (ZKP) private transaction protocol into the public domain.