Cryptocurrency
Cryptocurrency
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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 -
Among other things, Roger Ver is charged with filing a false 'exit tax' return after he renounced his U.S. citizenship in 2014
December 4 -
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