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A misstep could result in not getting compensated correctly, or creating potential trouble with the IRS.
August 30
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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
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A Senate proposal to ramp up IRS surveillance over cryptocurrency transactions claims it will $28 billion in tax revenue.
July 30
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Two companies are teaming up to allow clients to buy mining machines through an IRA.
July 29
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Tesla, MicroStrategy and Square will have to reckon with their digital holdings in earnings reports.
July 26
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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 -
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.
May 24
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The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.
May 20
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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.
May 12
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As businesses invest in cryptocurrency and sell assets like nonfungible tokens, they should be aware of the accounting and tax issues surrounding them.
May 12
