Cryptocurrency
Cryptocurrency
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Experts believe this guidance will spur more institutions to embrace digital assets, as the rules for proper accounting are more clear-cut.
March 6 -
The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.
February 28 -
Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.
February 27 -
The existing guidance directs public companies, including banks, to count crypto they custody as liabilities on their corporate balance sheets.
February 15 -
New technology systems and the addition of cryptocurrency on tax forms are just some of the IRS developments to watch in 2024.
February 15 -
Quarterly results at MicroStrategy Inc. will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at market prices.
February 6 -
From digitalization and consultancy to Bitcoin and cryptocurrency, 2024 is set to be a year of growth and possibility.
February 1 -
1099s every quarter; latest tax lawmaking; a crypto outlook for 2024; and other highlights from our favorite tax bloggers.
January 23 -
The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.
January 22 -
The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.
January 16