EXPLAINER: Understanding NFT rental and what it can offer to the Web3.0 landscape
Investments around the non-fungible token (NFT) space seem to have sustained the price factor. Although buying NFTs is not considered cheap, it is believed that NFT...
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IRS NFT guidance is starting to take shape
Treasury and the IRS are requesting feedback on upcoming guidance on the tax treatment of non-fungible tokens, or NFTs, as collectibles. NFTs that are collectibles will...
Through the looking glass: Will a transparency rule for the taxation of NFTs clarify or further distort? – Profit tax
28 April 2023 Cadwalader, Wickersham & Taft LLP To print this article, all you need to do is register or log in to Mondaq.com. In a...
IRS adjusts crypto guidance for countries that accept Bitcoin
The Internal Revenue Service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin...
IRS issues notice on taxation of NFTs as collectibles – Fin Tech
To print this article, all you need to do is register or log in to Mondaq.com. In its first published guidance addressing non-fungible tokens (NFTs), the...
IRS Announces Intent to Issue Guidance on NFTs – Fin Tech
11 April 2023 Groom Law Group To print this article, all you need to do is register or log in to Mondaq.com. On March 21,...
Accountants encouraged by proposed IRS NFT rules
Proposed IRS rules for non-fungible tokens have been seen as a good first step for accounting professionals in this area, indicating that the agency is finally...
The IRS offers tax guidance on NFTs
The Internal Revenue Service and the Treasury Department issued preliminary guidance on Tuesday and intend to issue more detailed guidance soon on the tax treatment of...
The Keep Innovation In America Act aims to ease the compliance burden on crypto brokers
Rep. Tom Emmer tries to narrow the definition of crypto broker again. (Photo by Chip Somodevilla/Getty Images) Getty Images What happened The Infrastructure Act passed by...
Biden should not tax crypto’s electricity use
budget at the Finishing Trades Institute, Thursday, March 9, 2023, in Philadelphia. (AP Photo/Matt Rourke) Copyright 2023 The Associated Press. All rights reserved. In his latest...