Taxes' immediate future; a new retail delivery fee; owners' income; and other highlights from our favorite tax bloggers.

Whenever MicroStrategy implements a new accounting rule, and values its crypto assets at market value at the end of each reporting period, that could trigger a major cash tax obligation.

Starting in January, cryptocurrency will need to be reported to the IRS on an account-by-account basis versus the "universal wallet" approach most had been using.

W-2G income; addressing the CPA shortage; qualities of a crypto tax pro; and other highlights from our favorite tax bloggers.

We asked a panel of accounting technology thought leaders about their favorite applications, and here is what they said.

Officials from the IRS's Criminal Investigation division are meeting with leaders from Australia, Canada, the Netherlands and the U.K. this week for a Cyber Challenge.

The firm agreed to settle charges with the SEC over negligence for its work for the now shuttered crypto exchange.

Taxbit announced it now offers comprehensive support for the new Form 1099-DA, which pertains to digital assets.

There's still room for improvement, say experts.

TaxBit announced the launch of enterprise-grade pricing feature within the TaxBit Accounting Suite.

The adoption of on-chain accounting in stablecoin markets is not just a theoretical concept; it's already being implemented.

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

2024 has been a dramatic one for cryptoassets, and as the year continues, accounting professionals will need to be able to keep clients informed.

The Treasury and the Internal Revenue Service issued final regulations on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions.

The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren't monetary unless they come from a central bank.

Nigeria's tax agency dropped accusations of tax fraud against Tigran Gambaryan, but a separate money-laundering case brought against the former IRS employee resumed.

Patrick Camuso's firm, Camuso CPA, specializes in digital asset investors and Web3 companies.

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

Plus, Vertex consolidates Accelerator and Chain Flow Accelerator into single solution; and other accounting tech news.

The practice aid provides information on auditing the valuation of cryptoassets and audit procedures surrounding their existence, rights and obligations.