Summers are the ideal time for movies, baseball, long and winding road trips across the U.S. in search of the perfect family vacation or, just as important, a reasonable crypto
Continue Reading Cue Up Your Summer Movie Watch List: Crypto Reporting Goes From Lampoon to Hero [1]
IRS Cracks Down on Charitable Contributions of Cryptocurrency
By Adam R. Young and Brian Bernhardt
On January 13, 2023, the IRS issued Chief Counsel Memorandum 202302012 (the “CCM”) establishing new rules for donations of cryptocurrency. In the CCM
Continue Reading IRS Cracks Down on Charitable Contributions of CryptocurrencyAre Cryptocurrency Exchanges the New Swiss Banks?
Christopher R. Callahan, Matthew D. Lee and Jennifer M. O’Brien authored the American Banker article, “Are Cryptocurrency Exchanges the New Swiss Banks?” View the full article.
Continue Reading Are Cryptocurrency Exchanges the New Swiss Banks?
With Tax Day Looming, Don’t Overlook Reporting of Cryptocurrency Transactions
With the April 17 deadline for filing individual tax returns just around the corner, individuals who engaged in cryptocurrency transactions during 2017 must take care to properly report them on
Continue Reading With Tax Day Looming, Don’t Overlook Reporting of Cryptocurrency Transactions
IRS Reminds Taxpayers to Report Virtual Currency Transactions
With “tax day” fast approaching, the Internal Revenue Service on Friday reminded taxpayers that income from virtual currency transactions is reportable on their income tax returns. As we have previously
Continue Reading IRS Reminds Taxpayers to Report Virtual Currency Transactions