Acquisitions in industries related to cryptocurrency and blockchain technology exploded in 2021 in comparison with the preceding two years. Early data suggest that 2022 will be another record year for these acquisitions. This...more
Cryptocurrencies, digital assets, and blockchain-based technologies seem to show up everywhere. As the market for these products matures, new markets are emerging. Competitors, new entrants, and investors are acquiring the...more
While the number of cryptocurrencies and other blockchain-based assets continue to grow, the IRS’s published guidance is inadequate in addressing how to tax these new digital assets and transactions involving them....more
4/8/2022
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Financial Markets ,
Income Taxes ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Tax Liability ,
Tax Planning ,
Tax Returns ,
Virtual Currency
Jarrett Case Raises New Questions on How to Report Cryptocurrency “Staking” Rewards - While the IRS has not specifically addressed the taxation of staking rewards, they have indicated a willingness to treat these rewards in...more
A brief commentary on the past week’s cases, rulings, notices, and related federal tax guidance. Medical Software Deemed a Qualifying Trade for Qualified Small Business Stock Gain Exclusion When certain criteria are met,...more
11/9/2021
/ Capital Gains ,
Cryptocurrency ,
Digital Assets ,
Gain Exclusion ,
Income Taxes ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Opportunity Zones ,
Qualified Opportunity Funds ,
Qualified Small Business Stock ,
Small Business ,
Tax Planning