Cryptocurrency
Cryptocurrency
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The agency's number of investigations in 2019 continued a general downward trend over the last few years, according to CI's 100th annual report.
December 5 -
The various applications of this young technology will bring big opportunities to the accounting profession.
December 3 -
The Internal Revenue Service is seeking information from more taxpayers who hold virtual currency like Bitcoin, but in a ruling last week, a judge ordered the IRS to limit its summons for information from one cryptocurrency exchange, Bitstamp
December 3 -
New guidance, rules and enforcement efforts from the IRS aim to improve cryptocurrency reporting.
November 27 -
For all the worry about the interaction of blockchain and assurance, there haven't been many real-life examples of it -- until now, with Top 100 Firm Armanino's release of a new attest product around stablecoins. The firm's Scott Copeland and Andries Verschelden share the details, and what it means for the future of assurance.
November 11 -
Leaders of tax enforcement authorities from the U.S., Australia, Canada, the Netherlands and the United Kingdom met this week to discuss ways to deal with tax crimes and tax evasion, particularly involving cryptocurrency.
November 8 -
Tax attorneys, accountants and cryptocurrency investors have been asking for this guidance for years.
November 6 -
What the flurry of updates in Facebook's cryptocurrency means for accounting professionals.
October 17 -
The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.
October 11 -
The guidance is the first since 2014.
October 10 -
New releases address virtual currency transactions and how to handle a ‘hard fork.’
October 9 -
Newly appointed officials in the SB/SE Division plan to make changes in the IRS’s strategy for dealing with collections and enforcement.
September 19 -
The deadline is approaching soon for many businesses to file their reports on unclaimed property, and now they might want to include lost bitcoins and forgotten cryptocurrency passwords.
September 11 -
The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.
September 9 -
The Internal Revenue Service has fired its loudest warning shots yet across the bows of crypto investors.
August 28 -
There's a new front in the agency’s burgeoning scrutiny of the crypto industry.
August 15 -
Firms are helping their clients keep track of Bitcoin and Ethereum assets and transactions, as well as the tax consequences, according to a new report.
August 13 -
Gray, Gray & Gray kicks off its back-to-school backpack challenge; Mazars USA holds its annual Days of Service; and more CPA news.
August 9 -
French lessons; our tax system, by the numbers; return of the 1099-NEC; and other highlights from our favorite tax bloggers.
August 7 -
A veteran in the technology, Top 100 Firm Aprio now aims to educate the profession
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