Among other things, they may unintentionally snare mutual funds, an expert testifies.

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.

Officials from the Criminal Investigation division met with tax officials from four other countries to uncover tax evasion and money laundering schemes through data mining.

DCG's Genesis unit is accused in the suit of failing to adequately audit the Three Arrows Capital hedge fund and lying to Gemini when it claimed to regularly review its borrowers' financial statements,

In court, a forensic accountant tried to explain what happened to the customer funds that were missing before the crypto exchange filed for bankruptcy.

Since crypto's meltdown in 2022 the digital asset industry has come to rely on "proof of reserves" as the go-to attestation, from an internal accounting and market reassurance perspective.

When she asked whether a line of credit would show up in FTX's audit, he said, "Don't worry, the auditors aren't going to look at that."

A group of lawmakers is pushing tax officials to move up the start date for crypto brokerages and exchanges to report on clients' transactions.

For years, company leadership allegedly misrepresented and concealed key details about FTX's operations from investors, other employees and the customers who prosecutors claim had billions of dollars of their money stolen.

The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.

In this Vendor Spotlight, we catch up with Bitwave co-founder and CEO Patrick White.

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

Gaming finance represents a radical departure from conventional gaming models. It's a concept that doesn't just entertain players; it empowers them economically.

The managers of the bankrupt crypto exchange sued the parents of its co-founder and former CEO to "recover ... fraudulently transferred and misappropriated funds."

Software vendors also lauded the board's new cryptocurrency standard as a worthy first step.

Whether seasoned or new, they need to understand the tax implications of their investments.

Plus, Bill releases financial operations platform for SMBs; and other accounting technology news and updates.

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like bitcoin held by companies.

So far, crypto hasn't moved the needle for the state's treasury, which is already restricted by the absence of corporate income tax.

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.