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Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.While we’ve seen the market cap of bitcoin and other cryptocurrencies dramatically fall from around $800 billion at its height to around $200 billion today, the number of developers, traders, companies and professionals […]
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IRS Advisory Committee Calls for Additional Guidelines on Crypto Taxation

An advisory committee of the U.S. Internal Revenue Service (IRS) wants the agency to provide additional guidelines for the taxation of crypto transactions, according to a 2018 general report published Oct. 24.Although in 2014 the IRS had already issued commentary specifically on digital currencies,  recommending they be treated as a property, the Information Reporting Program […]
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IRS Advisory Committee Requests Clearer Guidance for Crypto Tax Code

On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation.The Information Reporting Program Advisory Committee (IRPAC) recently released its annual report advising the IRS on possible areas to improve the tax code, specifically referring to data gathered throughout the […]
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US Congressman to Introduce Bills Supporting Blockchain Technology, Cryptocurrencies

U.S. Rep. Tom Emmer (R-MN) is planning to introduce three bills to support blockchain technology and cryptocurrencies, according to a press release published September 21.The three upcoming bills are entitled the “Resolution Supporting Digital Currencies and Blockchain Technology,” the “Blockchain Regulatory Certainty Act,” and the “Safe Harbor for Taxpayers with Forked Assets Act.”The legislation is […]
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SEC Heightens Crypto Crackdown, While US Court Ruling Marks Cryptos as Securities

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Top Stories This WeekNew York Judges Rules Securities Laws Be “Flexible” And Apply […]
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Cryptocurrency News Round-Up From Russia: Highlights

This is the first in a series of weekly news highlights about blockchain technology and cryptocurrency in Russia. Last week’s headlines included an endorsement of blockchain technology from President Putin, tax exemptions for cryptocurrencies and a legal decision that prevented the seizure of cryptocurrency assets in a bankruptcy case.Putin Endorses Technological Development in RussiaDuring his […]
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