IRS Seeks to Tax NFTs Like Other Collectibles
NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts
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Mar 21, 2023 at 2:56 p.m. UTC
Mar 21, 2023
irs
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Why Not Donate Dead NFT Wallets?
Inaccessible cryptocurrencies presumably have taxable value, meaning they can be donated to a museum, conceptual artist and lawyer Brian Frye writes.
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Feb 28, 2023 at 2:15 p.m. UTC
Feb 28, 2023
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IRS Seeks Court Approval to Identify Kraken Crypto Customers
The U.S. tax agency is looking to examine Kraken's books and papers.
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Feb 9, 2023 at 8:39 p.m. UTC
Feb 9, 2023
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Say Goodbye to Proprietary Tax Prep Software
Web3 tax help is a multibillion-dollar opportunity, and a way to plug the gap the government has around tax help and out-compete centralized companies like TurboTax.
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Nov 18, 2022 at 9:04 p.m. UTC
Nov 18, 2022
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How Bad Tax Policy Drives DAOs Out of the US
Despite crypto-friendly laws in Wyoming, most DAOs are choosing to incorporate overseas.
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Nov 18, 2022 at 4:50 p.m. UTC
Nov 18, 2022
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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.
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Nov 14, 2022 at 5:18 p.m. UTC
Nov 14, 2022
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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.”
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Oct 18, 2022 at 11:37 p.m. UTC
Oct 18, 2022
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.
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Sep 23, 2022 at 2:57 a.m. UTC
Sep 23, 2022
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.
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Aug 16, 2022 at 6:18 p.m. UTC
Aug 16, 2022
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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.
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Jun 11, 2022 at 1:57 a.m. UTC
Jun 11, 2022