irs

Layer 2

Tax week 2022

The Key to Taxing Digital Assets Is Finding the Right Cubbyhole

The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.

By Tony Tuths

Sponsored

Nov 14, 2022 at 5:18 p.m. UTC

Nov 14, 2022

Tax Week 2022IRSCrypto

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Business

Irs

IRS Expands Key US Tax Language to Include NFTs

Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”

By Jesse Hamilton

Sponsored

Oct 18, 2022 at 11:37 p.m. UTC

Oct 18, 2022

IRSCrypto Taxescryptocurrenciestaxes

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Policy

Department of justice

US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders

The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.

By James Rubin

Sponsored

Sep 23, 2022 at 2:57 a.m. UTC

Sep 23, 2022

Department of JusticeBrokersBankIRSUS

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Policy

Regulations

IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders

A California court has authorized the agency to serve a "John Doe" summons.

By Nikhilesh De

Sponsored

Aug 16, 2022 at 6:18 p.m. UTC

Aug 16, 2022

regulationsIRSTax

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Policy

Regulation

Coin Center Sues US Treasury Over 'Unconstitutional' Tax Reporting Rule

The rule was included in last year's infrastructure law that galvanized the industry over a separate broker rule.

By Nikhilesh De

Sponsored

Jun 11, 2022 at 1:57 a.m. UTC

Jun 11, 2022

RegulationCoin CenterLawsuitTreasury DepartmentIRS

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Business

Tax

ZenLedger Raises $15M to Expand Crypto Tax Products

The funding comes on the heels of ZenLedger’s “best tax season ever.”

By Cam Thompson

Sponsored

May 25, 2022 at 1:00 p.m. UTC

May 25, 2022

TaxSoftwareIRS

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Policy

Regulations

How Do You Tax an NFT?

Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.

By Jack Schickler

Sponsored

May 19, 2022 at 9:51 a.m. UTC

May 19, 2022

regulationsTaxOECDAMLIRSNFTs

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Layer 2

Opinion

The Right Tax Treatment of Staking Rewards Is Clear: Taxation Only After Sale

The U.S. needs to get straight on staking rewards, or risks losing its edge on the crypto industry.

By Bill HughesGreg Stephens

Sponsored

Apr 18, 2022 at 7:19 p.m. UTC

Apr 18, 2022

OpinionStakingTaxIRS

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Podcasts

Podcasts

Crypto News Roundup for April 14, 2022

With bitcoin higher amid a broad-based rally across major cryptocurrencies, and a look at a few tips to make your Tax Day burden a bit lighter, CoinDesk’s Markets Daily is back with the latest news roundup.

By Adam B. LevineAdrian Blust

Sponsored

Apr 14, 2022 at 4:18 p.m. UTC

Apr 14, 2022

PodcastsMarkets DailyIRSTax

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Layer 2

Tax

3 Crypto Tax Tips to Avoid IRS Trouble

Crypto investors filing their taxes must know how to track cost basis, maintain good records of all original purchases and transactions, and report everything in U.S. dollar terms.

By Miles Brooks

Sponsored

Apr 11, 2022 at 1:45 p.m. UTC

Apr 11, 2022

TaxIRS

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