The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

Two U.S. states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else.

The Treasury and the IRS are likely to push off a January date for firms to begin tracking data such as customers’ capital gains and losses.

A recent report suggests that, should the government invest more in compliance, could mean billions more in tax dollars collected.

Crypto companies that have been trying to go public since last year’s boom remain stuck in a lengthy back-and-forth with U.S. regulators, adding to the pile of challenges facing the industry.

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The legislation is one of the most ambitious attempts to regulate the volatile asset class.

The board's future projects include digital assets, intangibles, government grants, and accounting for financial instruments with ESG-linked features.

The plunging value of many cryptocurrencies and nonfungible tokens has led to worries about the tax implications faced by crypto investors and companies.

Investors in digital assets have been pummeled recently by the longest losing streak since 2011, but if they act promptly, they can cut their tax bills.

Sasan Goodarzi said his predictions that cryptocurrency investors would be hit with surprise obligations this season came true.

TaxBit Inc. plans to announce Tuesday that Haun Ventures is a strategic investor in the startup, even as digital currencies face increasing regulatory pressure.

The board voted to add a project to improve the accounting for and disclosure of certain digital assets, such as cryptocurrency.

International tax officials have identified more than 50 leads to potential crypto tax crimes that may lead to official investigations.

A research note from Barclays paints a picture of an exploding new industry that the IRS is struggling to hold to account. 

A group of tax enforcement leaders from five countries are collaborating on ways to investigate the use of nonfungible tokens and decentralized finance exchanges by tax criminals.

The Big Four firm said it has entered a strategic partnership with the tax compliance platform to support clients on digital asset transactions.

Financial Accounting Standards Board chair Richard Jones said stakeholders have urged the board to start a project on digital assets, which they believe to be a 'top priority.'