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Crypto has led to a host of tax complexities, and federal regulators have their sights set on reining in the “Wild West era.”
December 28Thomson Reuters Tax & Accounting Professionals -
When was the last time your entire paycheck shrank by more than 20%?
December 7 -
Cryptocurrency investors would have little time to plan against possible tax increases under legislation advancing in Congress.
November 8 -
The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.
September 13 -
A misstep could result in not getting compensated correctly, or creating potential trouble with the IRS.
August 30 -
Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.
August 4 -
A Senate proposal to ramp up IRS surveillance over cryptocurrency transactions claims it will $28 billion in tax revenue.
July 30 -
Two companies are teaming up to allow clients to buy mining machines through an IRA.
July 29 -
Tesla, MicroStrategy and Square will have to reckon with their digital holdings in earnings reports.
July 26 -
Accounting firms are restricting corporations from holding the cryptocurrency as assets even as they give free rein to venture capital firms to invest in equally risky and volatile unicorns.
July 12