Under the proposed guidance, NFTs are covered by the tax law if they have been identified as a "collectible," which...
Regulating the sector remains on the cards for the United States, as seen in the recent developments in the space,...
Ralph Wallace shared on the sidelines of the Future Networks World Forum in Montreal how the U.S. task force uses...
Following an in-depth consultation, the IRS said it is pushing back the implementation of a new reporting threshold to the...
Jim Lee, head of the IRS criminal investigation department, noted that the cases are in their “hundreds,” with the bulk...
The IRS has amended “virtual currency” to “digital assets” in the 2022 tax year draft instructions, expanding the category to...