Opinion
The IRS and the Rising Cost of Crypto Tax Compliance
David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set to benefit financially, he says, even if ordinary investors won’t.
What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal
Given the negative impacts of the so-called "broker rule" for many non-custodial and open platforms, clear congressional authorization is required before the Treasury could expand the tax agency's remit, Marisa Coppel argued at a hearing.
Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs
CEO Roham Gharegozlou and VP Ridhima Kahn discuss the company's latest consumer-facing app.
What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?
As with the FTX fraud, it’s unclear how tax authorities are going to treat tax issues when there’s criminal activity involved.
The IRS Is Making Crypto Compliance Impossible
The 6045 digital asset broker regulations are likely to greatly increase the cost of filing your crypto taxes, says Kirk David Phillips, CPA.
The IRS Should Offer a Free Tax Reporting Tool to DeFi Users
Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."
Crypto Tax Basics: A 101 for Beginners
Everything you need to know, courtesy of Jaimin Desai, CEO & Co-Founder of Reconcile, a tax optimization platform helping investors, business owners and high-income earners pay less tax.
The Tax Implications of Sam Bankman-Fried’s Conviction
The end of the trial provides some clarity for FTX customers as to how the company’s bankruptcy might affect their taxes. But how the IRS might act in the context of illegal activity is unclear.
We've Seen the FTX Collapse Before
There are overwhelming similarities between the FTX and MF Global bankruptcies — and one big difference.
