Digital currencies

The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won’t have any record from a Form 1099 about their cryptocurrency transactions.

Blockchain explorers share their real-life experiences.

The papers are mostly short form, and each addresses a specific issue and is meant to provide viewers with cutting-edge perspectives on issues related to the crypto ecosystem’s most hotly debated topics.

Whether you are a 20-year accounting veteran or just entering the field, it behooves you to keep a list (and check it twice) of the most common tax preparation blunders.

The partnership comes at a time when anxieties are high over cryptocurrency regulation and taxation, as much of the guidance from the IRS has proven inadequate and confusing.

Stablecoins are stable-value coins, cryptocurrencies designed to minimize price volatility by pinning value to currencies like the U.S. dollar or to exchange-traded commodities like gold.

The AICPA is also urging the IRS to expand and clarify its cryptocurrency guidance.

New practice management and crypto-tax tools for tax pros, along with extra tax season resources and much more.

Here’s hoping that fewer last-minute changes will make for easier filing.

Blockchain became a buzzword and may have seemed overhyped, but now, the promises are becoming a reality.