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.'