The American Institute of CPAs’ Digital Assets Working Group has released a practice aid to offer guidance on how to account for and audit digital assets such as Bitcoin and other forms of cryptocurrency.

As 2019 rapidly wraps up and 2020 looms on the horizon, it seems an appropriate time to take a step back and reflect on the numerous changes and shifts that have occurred in the blockchain and cryptoasset spaces.

For the first time in more than five years, the IRS released further cryptocurrency tax guidance.

Lukka, which makes blockchain products for the cryptocurrency ecosystem, has debuted a do-it-yourself tax preparation product for taxpayers reporting cryptocurrency assets on IRS Forms 1040 and 8949.

If you’ve noticed less talk about blockchain this year from technology product makers, that’s on purpose: Companies have realized big promises without flashy results makes consumers suspicious.

The agency's number of investigations in 2019 continued a general downward trend over the last few years, according to CI's 100th annual report.

The various applications of this young technology will bring big opportunities to the accounting profession.

The Internal Revenue Service is seeking information from more taxpayers who hold virtual currency like Bitcoin, but in a ruling last week, a judge ordered the IRS to limit its summons for information from one cryptocurrency exchange, Bitstamp

New guidance, rules and enforcement efforts from the IRS aim to improve cryptocurrency reporting.

For all the worry about the interaction of blockchain and assurance, there haven't been many real-life examples of it -- until now, with Top 100 Firm Armanino's release of a new attest product around stablecoins. The firm's Scott Copeland and Andries Verschelden share the details, and what it means for the future of assurance.

Leaders of tax enforcement authorities from the U.S., Australia, Canada, the Netherlands and the United Kingdom met this week to discuss ways to deal with tax crimes and tax evasion, particularly involving cryptocurrency.

Tax attorneys, accountants and cryptocurrency investors have been asking for this guidance for years.

What the flurry of updates in Facebook's cryptocurrency means for accounting professionals.

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

The guidance is the first since 2014.

New releases address virtual currency transactions and how to handle a ‘hard fork.’

Newly appointed officials in the SB/SE Division plan to make changes in the IRS’s strategy for dealing with collections and enforcement.

The deadline is approaching soon for many businesses to file their reports on unclaimed property, and now they might want to include lost bitcoins and forgotten cryptocurrency passwords.

The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

The Internal Revenue Service has fired its loudest warning shots yet across the bows of crypto investors.