The IRS can broaden the audit, and, in the wrong fact pattern, frame the issue as deliberate concealment rather than poor recordkeeping.

The Joint Chiefs of Global Tax Enforcement issued a pair of advisories on how OTC crypto trading desks and payment processors can hide criminal activity.

Alt5 replaced its auditor last month less than three weeks after hiring it, bringing on L J Soldinger Associates as its third audit firm in under two months.

The American Institute of CPAs updated the criteria for stablecoin reporting amid heightened focus on stablecoin oversight.

Strategy adopted an accounting change that requires valuing the firm's crypto holdings at market prices, which is why it's expected to book such a big hit.

Simply having a finance team with a traditional accounting skill set will not suffice in this new phase of the digital economy.

Whether crypto tax legislation is coming; don't miss QSBS savings; Bears on the move; and other highlights from our favorite tax bloggers.

A small financial-technology company tied to a Trump family crypto project has fired its auditor, the latest sign of turmoil at the Las Vegas-based firm.

Unlike equity investors, who must plan around the 31-day exclusion window, cryptocurrency holders can sell and repurchase in the same session.

The draft, a mix of bill text and policy aims, would exempt transactions of regulated stablecoins that consistently maintain a value between $0.99 and $1.01 from capital gains. 

Plus, Ramp touts 1099 solution; Certinia's winter release includes automation, insights, operations; and other accounting tech news and updates.

Planning around SSI COLAs; holiday business deductions; complex decisions of inheritance; and other highlights from our favorite tax bloggers.

The Financial Accounting Standards Board decided to add a project to its technical agenda related to the accounting for cryptocurrency asset transfers.

The International Accounting Standards Board discussed adding new projects to its agenda, along with ongoing work on the equity method and intangible assets.

Senator Todd Young is urging the IRS to reconsider guidelines on the tax treatment of rewards crypto owners collect for locking assets on a blockchain network.

The Internal Revenue Service has provided a safe harbor for certain trusts enabling them to stake their digital assets without jeopardizing their tax status.

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on the new Form 1099-DA.

Plus, BillingPlatform launches AI monetization offering; Homebase announces payroll assistant; and other accounting tech news.

The National Taxpayers Union Foundation is asking the Internal Revenue Service to modify the proposed regs for the "no tax on tips" part of the One Big Beautiful Bill Act,

Prosecutors agreed to dismiss the indictment against Ver, who admitted that he failed to pay all the taxes that he owed to the IRS on the sale of Bitcoin after he renounced his U.S. citizenship.