1099
Starbucks Shakes Up the Banking World
Experts believe Starbucks plans to enter the financial services industry. This belief is based on the huge sum of money Starbucks holds in stored value
Category: Cryptocurrency
1099
See the Latest IRS FY19 Updates on Crypto and Gig Economy Enforcement
The IRS commissioner Chuck Rettig issued the agency’s FY19 updates last month, which included updates on compliance and education initiatives aimed at the emerging gig
1099
Take 5 Minutes to Learn This Year’s Last Minute Tax Information Reporting Changes
Tax time is upon us, which means last minute IRS and state tax information reporting changes are keeping us on our toes. Take five minutes
1099
Crypto Exchange and Custodian Gemini Chooses Sovos as its Tax Reporting Solution Provider
Gemini, one of the world’s most trusted cryptocurrency exchanges and custodians, has selected Sovos, the largest private filer of 10-series tax forms, to automate Gemini’s
1099
Cryptocurrency Exchanges Serious about 1099 Reporting Despite Incomplete IRS Guidance
Ron Quaranta is founder and chairman of Wall Street Blockchain Alliance, the world’s leading non-profit trade association promoting the comprehensive adoption of blockchain technology and
1099
IRS Cryptocurrency Tax Guidance Fails to Address 1099 Reporting
The IRS released long-awaited guidance on cryptocurrency tax regulations this week, but the agency did little to clarify tax reporting policy. The guidance, the first
1099
What Could a Yield Curve Inversion Mean for IRS Tax Reporting Enforcement?
With unemployment low and productivity high, the US economy appears to be steaming along. But one key metric suggests otherwise: the yield curve is inverted,
1099
IRS Warns Investors About Crypto Taxes Without Releasing Guidance
The IRS sent letters to more than 10,000 cryptocurrency holders last week, educating them about their income tax obligations associated with cryptocurrency transactions. The IRS
1099
IRS Promises Clarity on Crypto Tax Regulations This Month
For the second time in the last month, the IRS has alluded to forthcoming guidance related to cryptocurrency and digital asset transactions. IRS Commissioner Charles
1099
Cryptocurrency Taxes: IRS Responds to Pressure from Congress
After four separate letters from members of Congress urging the agency to release clarification on cryptocurrency taxes, IRS Commissioner Charles Rettig finally responded to Representative
1099
Congress Puts Pressure on IRS to Clarify Cryptocurrency Tax Policy
For the second time in less than a year, members of Congress have sent a letter to the IRS imploring the agency to provide guidance
1099
Tales from the Crypto: Why Tax Reporting for Cryptocurrencies Is So Scary
The evolution of cryptocurrencies isn’t necessarily going as planned. The virtual “coins,” which aren’t really coins at all, were supposed to disrupt the very concept
1099
Cryptocurrency Tax Reporting Takes a New Twist with SEC Declaration
The evolving saga of tax information reporting for cryptocurrency exchanges took another turn recently when the Securities and Exchange Commission (SEC) declared that cryptocurrency trading
Cryptocurrency
Blockchain Impact on B2B Automation
There is much speculation about the potential of blockchain in the context of B2B automation. This speculation normally focuses on open or public blockchains, which