Bitcoin

A recent study has found a correlation between tax scrutiny of digital assets and the use of tax loss harvesting as a compensating measure.

The GAO recommended that the Treasury Department's Financial Crimes Enforcement Network and the IRS should review registration requirements for the machines.

According to the lawsuit, Michael Saylor avoided paying taxes since 2005 by fraudulently claiming to be a resident of lower-tax jurisdictions, including Virginia and Florida.

Selling 75% of its cryptocurrency gave the company a one-time cash infusion, the electric car company said, but the battered value of its remaining Bitcoin also dinged profits.

With fast-paced change and tremendous uncertainty, this is sure to be an area of growth for accounting practices.

The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.

Good points to the IRS; avoiding partnership; sharpen your marketing; and other highlights from our favorite tax bloggers.

Two U.S. states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else.

A recent report suggests that, should the government invest more in compliance, could mean billions more in tax dollars collected.

Tips and considerations for accountants abound after tax season.