The IRS Is Moving the Crypto Disclosure Question to the Front of Form 1040: Here Is What You Need to Know.
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The IRS Is Moving the Crypto Disclosure Question to the Front of Form 1040: Here Is What You Need to Know.

Cryptocurrency Question Moved to the First Page of Form 1040 New for the 2020 tax year, the Internal Revenue Service (IRS) asks taxpayers on the very first page of Form 1040 the following disclosure question:... Zac McClure and Barrett Strickland

Blockchain Technology And What it Means For Tax Professionals
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Blockchain Technology And What it Means For Tax Professionals

The business world has been slow to warm up to virtual currency. Bitcoins are accepted by Overstock.com , but not by Amazon.com. Signs reading “Bitcoin accepted here” are scattered throughout Chicago, New York, and San Francisco, but are not commonplace nationwide. In many ... Peter Horadan

Blockchain Technology Explained
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Blockchain Technology Explained

Blockchain tech plays an important role in cryptocurrency mining Blockchain technology allows for fast, secure, and transparent peer-to-peer transfer of digital goods that include money and intellectual property. In cryptocoin miningiScott Orgera

Crypto Tax Tech Tools To the Rescue?
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Crypto Tax Tech Tools To the Rescue?

What is a crypto tax tool? For the purpose of this article, a cryptocurrency tax tool is defined as a software program designed to assist taxpayers and tax professionals with the often onerous job of calculating gains, losses, and other tax implications associated... Andy Frye, EA; Joshua Azran, CPA

Cryptocurrency Taxation Trends: Spring Always Follows Winter
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Cryptocurrency Taxation Trends: Spring Always Follows Winter

Writers who cover the cryptocurrency space are nothing if not prolific. Well into 2018, legions of them trumpeted the glow of the crypto messiah. Those same writers now have the grimmer task of writing about what is commonly called the “crypto winter.” ... Michael Minihan