In response to a provision in the 2021 Infrastructure Investment and Jobs Act, the Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations that would impose new tax reporting...more
8/31/2023
/ Bitcoin ,
Brokers ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Infrastructure Investment and Jobs Act (IIJA) ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Real Estate Transactions ,
Reporting Requirements ,
Securities ,
Transfer of Assets ,
U.S. Treasury
The Internal Revenue Service (IRS) has ruled that a cash-method taxpayer that stakes cryptocurrency native to a proof-of-stake blockchain is subject to tax on additional cryptocurrency it receives as rewards when validation...more
Over recent days, the Internal Revenue Service has extended certain tax filing and payment deadlines and issued guidance on some provisions of the recently-enacted Coronavirus Aid, Relief, and Economic Security Act (the CARES...more
4/21/2020
/ CARES Act ,
Corporate Taxes ,
Employee Retention ,
Filing Deadlines ,
Income Taxes ,
IRS ,
Net Operating Losses ,
New Guidance ,
Payroll Taxes ,
REMIC ,
Tax Relief
Secretary of the Treasury Steven Mnuchin tweeted on Friday that “Tax Day [is moving] from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or...more
3/24/2020
/ Coronavirus/COVID-19 ,
Corporate Taxes ,
Filing Deadlines ,
Income Taxes ,
IRS ,
Relief Measures ,
State of Emergency ,
State Taxes ,
Tax Returns ,
Time Extensions ,
U.S. Treasury