News & Insights
Crypto Brokers and Exchanges Informational Reporting Likely Delayed
July 27, 2022
The Treasury Department (“Treasury”) and the Internal Revenue Service (“IRS”) are likely to delay a January date for crypto brokers and exchanges to begin tracking
Deducting Cryptocurrency Losses
July 13, 2022
Many investors in cryptocurrencies have seen their investments lose significant value in recent months. U.S. taxpayers who have losses from their digital asset investments or
Bitcoin Miners Experience Significant Losses Over Declining Market Prices
June 30, 2022
The recent decline in market prices for Bitcoin has taken a toll on miners, who have seen their profits slashed. According to data from BitInfoCharts,
IRS on Digital Assets
June 13, 2022
The Treasury Department is looking to require information reporting on digital asset transactions similar to other financial instruments, such as stocks and bonds. In an