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...
Tagged: IRS
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...
Unstaked ETH continues to complicate crypto tax planning
Getty Getty Images Although tax season is quickly receding into the past, crypto taxes and crypto tax planning continue to cause headaches for investors. After the...
US government begins selling Silk Road BTC amid global banking crisis
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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 and Treasury issue new guidance on NFT taxation
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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 crypto tax reform bill reintroduced by a group of bipartisan lawmakers in DC
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The IRS warns users against claiming losses from collapsing tokens
Claiming tax credits for worthless coins is harder than it seems getty What happened Many cryptocurrencies including luna and its associated terraUSD stablecoin fell from all-time...
Will Your Crypto Trading Lead to an IRS Audit?
Crypto falls this year create the opportunity to lock in capital losses that can offset gains getty What happened The IRS is actively engaged in addressing...
