Cryptocurrency
Cryptocurrency
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The American Institute of CPAs has updated its practice aid on digital assets with a new chapter on auditing cryptocurrency lending and borrowing transactions.
September 3 -
Inevitable tech crossroads; 'game-changer' for a key deadline; nuptials and deductions; and other highlights from our favorite tax bloggers.
August 19 -
The U.S. Department of the Treasury issued a request for comment, required by the Guiding and Establishing National Innovation for US Stablecoins Act.
August 18 -
Under the new law, issuers with more than $50 billion in stablecoins outstanding would be required to submit audited annual financial statements.
August 6 -
The IRS's Criminal Investigation division needs to do a better job of keeping track of the billions of dollars in cryptocurrency, says TIGTA.
July 7 -
The U.S. Supreme Court refused to question an IRS summons that forced Coinbase to turn over transaction information for over 14,000 cryptocurrency customers.
June 30 -
The Treasury Department and the IRS are giving brokers additional time to comply with requirements to withhold taxes on digital asset sales.
June 12 -
Asset tokenization, the creation of digital ownership representations for diverse assets on blockchain and DLT platforms, is a transformative force in finance.
May 2 -
The American Institute of CPAs is volunteering to provide its assistance in light of its own efforts in the digital assets space.
April 28 -
The Financial Accounting Standards Board published a rule in 2023 requiring companies that hold crypto to report their tokens at fair value.
April 25 -
Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.
April 22 -
The legislation blocks a rule that would have forced some cryptocurrency brokers to provide tax information on transactions on their platforms.
April 11 -
Michael Saylor's Strategy and fellow corporate buyers of Bitcoin are being made to recognize the unrealized changes.
April 7 -
Elon Musk's X is urging the justices to shield companies from being forced to disclose sensitive user financial data under "suspicionless" subpoenas.
April 2 -
The cryptocurrency industry is on a roll in Washington and it's not just because of President Donald Trump.
March 21 -
The regulatory environment for digital assets will have significant implications for state-level reporting requirements.
March 19 -
President Trump's nominee to lead the commission has yet to be confirmed, but the sweeping changes from his temporary stand-in are starting to pile up.
March 19 -
The House of Representatives passed a resolution to repeal the regulations that created reporting requirements for digital asset brokers using decentralized finance systems.
March 12 -
The Trump administration's move will only increase the opportunities in helping manage and audit crypto holdings.
March 7 -
The agency nixed controversial staff crypto accounting guidance, which interim chief Mark Uyeda described as overstepping the normal procedures.
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