The second iteration of the Token Taxonomy Act, released on April 9 and hereinafter referred colloquially as “2.0,” is Congress’ latest product aimed at recognizing and defining a new asset class derived from blockchain technology.

Tipalti deepens PayPal integration, Cetrom wins award and Rapyd launches hyper-local payments solution.

The Internal Revenue Service treats crypto money as a capital asset like stocks or property, not as a currency.

Based on cryptocurrency tax guidelines specified by IRS, anyone making cryptocurrency profits has to pay taxes.

The company's Balance product is for accountants and tax preparers with clients significantly invested in crypto.

The meteoric rise of cryptocurrencies brings many legal and regulatory repercussions that are still unfolding.

It is now well-accepted that blockchain is an accounting technology that can significantly reduce the time needed for recording, reconciliation and reporting in almost any industry.

DeJoy, Knauf & Blood launches cannabis practice while EisnerAmper expands its own; FASB appoints two to small-business committee; and more CPA news.

The participation of accounting firms in the cryptocurrency market is a step toward legitimizing the intangible asset.

The widow of Quadriga Fintech Solutions Corp. founder Gerry Cotten spent C$300,000 ($225,000) to help the shuttered cryptocurrency exchange secure court-approved protection from creditors, keeping clients owed millions at bay. Now she’s looking to be repaid.

The release follows a slew of large firms opening cryptocurrency and blockchain services for clients.

Accounting professionals need to keep developing and maintaining robust internal controls around cryptoassets.

Blockchain and cryptocurrencies are going to play a major role in the economy and the accounting profession.

Following in the steps of other Top 100 Firms, Armanino has opened a blockchain practice, through which it will offer a range of specialized services to clients.

Quadriga CX's dilemma is just the latest cautionary tale in the unregulated world of cryptocurrencies.

In a series of tweets, the businessman announced he has not filed a tax return for eight years, calling taxation “theft” and “illegal.”

Big W-4 questions; new GOP plan; tax-related stocking stuffers; and other highlights from our favorite tax bloggers.

And other news from Priority Software, Vertex and XIXOIO

Reform and job creation; Ohio takes bitcoin; getting everyone to agree; and other highlights from our favorite tax bloggers.

The Buckeye State will be the first to allow companies to use Bitcoin to pay their taxes.