IRS NFT guidance is starting to take shape
Treasury and the IRS are requesting feedback on upcoming guidance on the tax treatment of non-fungible tokens, or NFTs, as collectibles. NFTs that are collectibles will...
Tagged: Tax rules
IRS adjusts crypto guidance for countries that accept Bitcoin
The Internal Revenue Service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin...
It’s a new world for crypto reporting
The release by the Organization for Economic Co-operation and Development on October 10, 2022 of a new global framework for tax transparency for cryptoassets shows that...