Cryptocurrency
Cryptocurrency
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President Trump named Mark Uyeda, a Republican member of the SEC, as acting chairman as confirmation hearings await for Paul Atkins to succeed Gary Gensler.
January 21 -
The American Institute of CPAs updated its aid on accounting for and auditing digital assets in response to changes in accounting standards.
January 15 -
The new administration has discussed creating a strategic Bitcoin reserve. What accounting changes would we see as a result?
January 10 -
An early Bitcoin investor sentenced to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes.
January 8 -
The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.
December 31 -
Experts expect 'scattershot, unhelpful reporting' of crypto assets and transactions for the first few years with the 1099-DA.
December 31 -
The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.
December 9 -
To the Internal Revenue Service, Roger Ver symbolizes a new target in the digital age: a crypto holder suspected of failing to pay taxes after selling tokens.
November 13 -
Taxes' immediate future; a new retail delivery fee; owners' income; and other highlights from our favorite tax bloggers.
November 12 -
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.
October 31 -
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.
October 18 -
W-2G income; addressing the CPA shortage; qualities of a crypto tax pro; and other highlights from our favorite tax bloggers.
October 8 -
We asked a panel of accounting technology thought leaders about their favorite applications, and here is what they said.
September 30 -
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.
September 19 -
The firm agreed to settle charges with the SEC over negligence for its work for the now shuttered crypto exchange.
September 17 -
Taxbit announced it now offers comprehensive support for the new Form 1099-DA, which pertains to digital assets.
August 27 -
There's still room for improvement, say experts.
August 12 -
TaxBit announced the launch of enterprise-grade pricing feature within the TaxBit Accounting Suite.
August 8 -
The adoption of on-chain accounting in stablecoin markets is not just a theoretical concept; it's already being implemented.
July 17 -
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.
July 15