Cryptocurrency
Cryptocurrency
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Debate over the Tax Cuts and Jobs Act; assessing last season; Etsy and sales tax; and other highlights from our favorite tax bloggers.
May 28 -
Insights into the IRS's progress on the Form 1099-DA and forthcoming regs on crypto asset reporting.
May 17 -
The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.
May 9 -
Plus, Estateably touts new accounting tools for estate planning; and other accounting tech news and updates.
May 3 -
Roger Ver, an early crypto investor who was sometimes referred to as Bitcoin Jesus, has been charged with mail fraud, tax evasion and filing false returns.
May 1 -
The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
April 19 -
The revenue service accused Binance of nonpayment of VAT and company income tax, failure to file returns, and complicity in aiding customers to evade taxes.
March 26 -
Experts believe this guidance will spur more institutions to embrace digital assets, as the rules for proper accounting are more clear-cut.
March 6 -
The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.
February 28 -
Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.
February 27