Topic
Cryptocurrency Tax
79 published works
SALT Shaker
Illinois tax increases part two: Digital asset privilege tax, prediction markets, NOL carryover limitations, and more
On June 1, 2026, the Illinois General Assembly passed S.B. 3019. In part one of this Legal Alert series, we addressed the tax on targeted advertising services and a Social…
Blockchain
The PARITY Act’s De Minimis Rewrite—and the “Bitcoin Coffee” Problem It Leaves Unsolved
One of the most anticipated features of the bi-partisan Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act (the PARITY Act) has been its attempt to mitigate the tax…
21st Century Taxation
Unusual Proposed Exclusion for Crypto Gains
HB 453 introduced in the Montana Legislature on February 11, 2025 calls for the Department of Revenue to create a program to allow state income taxes to be paid with…
Global Fintech & Digital Assets Blog
The Corporate AMT’s Crypto Problem Poses Constitutional Hazards
Under recent accounting rule changes, unrealized crypto gains must generally be reported on income statements, but questions arise about the alignment of the new Corporate Alternative Minimum Tax with constitutional…
India Tax Law
Crypto Sales Prior to AY 2022–23: Taxable as Capital Gains?
By Kunal Savani, Bipluv Jhingan, Esha Rathi
The Raunaq Prakash Jain v. Income Tax Officer case addresses a significant cryptocurrency transaction-related taxation issue in India, i.e., whether gains arising from cryptocurrency sales should be taxed as “capital…
Dollars & Sense
Joshua Smeltzer Quoted by TaxNotes on Landmark Crypto Tax Sentence
By Admin
On December 12, 2024, Frank Richard Ahlgren III of Austin, Texas, was sentenced to two years in prison for filing a false tax return, marking the first legal-source cryptocurrency income…
Polaris Tax & Accounting Blogs & Articles
June 2024 Newsletter: Tax Tips from Polaris Tax & Accounting
By Joe Serrone
Polaris Tax & Accounting Newsletter - June 2024 New Crypto Tax Reporting Rules Are Here If you invest or trade in Bitcoin, non-fungible tokens (NFTs), Stablecoins, or other digital assets,…
Crypto Law and Disputes
New Crypto Tax Rules: Dynamis Quick Take
By Eric Rosen
I. Introduction In November of 2021, Congress passed the Infrastructure Investment and Jobs Act, which amended cryptocurrency tax reporting obligations under 26 U.S.C. § 6045. This amendment began to apply…
ComplexDiscovery
Understanding Cryptocurrency Taxation: A Guide for Taxpayers and Investigators
By Rob Robinson
Content Assessment: Understanding Cryptocurrency Taxation: A Guide for Taxpayers and Investigators Information - 92% Insight - 90% Relevance - 87% Objectivity - 91% Authority - 89% 90% Excellent A short…
Dollars & Sense
Joshua Smeltzer Quoted by Tax Notes on FATCA and Cryptocurrency
By Admin
The FATCA Data Haystack Remains Just That The Foreign Account Tax Compliance Act (FATCA) has resulted in a massive influx of financial information to the IRS over the past 13…