Biden Tax Plan Targets Cryptocurrency Compliance to Fund IRS
(authored by RSM US LLP) The Treasury just released a report proposing how cryptocurrency compliance will contribute to funding the $80 billion IRS overhaul....
25 May, 2021
Virtual Currency Tag
Update on 1040 Virtual Currency Question
On the 2020 Form 1040 we are required to answer this question: "At any time during [the prior year], did you receive, sell, send, exchange, or otherwise acquire any financial...
22 March, 2021
Virtual Currency – Reporting & Enforcement Update
2020 has been a year we would all like to forget in many ways. But it has been a banner year for the virtual currency world. After a slow and...
07 February, 2021
New Tax Rules for Virtual Currency (Cryptocurrency)
View this article in PDF format. Urgent Tax News: The IRS is taking special interest in virtual currencies. Starting with the 2019 tax year, on every Form 1040 we must answer the...
07 February, 2020