Blockchain

Saving Social Security; sued over an address; more 5471 opinions; and other highlights from our favorite tax bloggers.

Starting in January, cryptocurrency will need to be reported to the IRS on an account-by-account basis versus the "universal wallet" approach most had been using.

Taxbit announced it now offers comprehensive support for the new Form 1099-DA, which pertains to digital assets.

Accounting tech space sees major acquisitions this week; Bitwave releases Data Fusion tool for digital assets; TaxValet gains B-corp status; and other accounting tech news.

TaxBit announced the launch of enterprise-grade pricing feature within the TaxBit Accounting Suite.

The adoption of on-chain accounting in stablecoin markets is not just a theoretical concept; it's already being implemented.

The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren't monetary unless they come from a central bank.

The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.

Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.