Cryptocurrency
Cryptocurrency
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The Trump administration's move will only increase the opportunities in helping manage and audit crypto holdings.
March 7 -
The agency nixed controversial staff crypto accounting guidance, which interim chief Mark Uyeda described as overstepping the normal procedures.
March 7 -
The American Institute of CPAs is providing a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.
March 6 -
As the digital asset landscape becomes increasingly unpredictable, it's important to encourage clients to diversify their holdings across sectors and types.
February 20 -
Decentralized finance companies are breathing a sigh of relief after the Treasury and the Internal Revenue Service gave them a two-year delay on reporting.
February 6 -
President Donald Trump's return is seen as a positive by experts across the cryptocurrency industry. Accountants' predictions for regulations are less rosy.
February 3 -
FASB regulations requiring companies to record digital assets at fair value go into effect this year, but earlier adoption is permitted.
January 30 -
Inside the IRS's recent focus on broker reporting of digital asset transactions and the Form 1099-DA.
January 29 -
The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that had been criticized by the industry and even by some of its own commissioners.
January 23 -
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.
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