IRS Tax Guidance for Virtual Asset Service Providers is Coming Soon. Is Your Organization Ready?

As the IRS prepares to release Form 1099 reporting requirements for virtual asset transactions, VASPs need to evaluate the various aspects of virtual currency cost basis calculations and the resulting tax withholding and information reporting considerations. 

This whitepaper will not only allow your organization to build a scalable compliance strategy and avoid costly penalties but also negate potential disruptions of service for your clients.

This whitepaper was created by experts at Silver Management and Sovos Compliance.

Get the White Paper

Download your free report and get:

  • An overview of the current reporting environment for virtual asset service providers
  • Background on I.R.C. 6045, which may soon be expanded to include virtual asset transactions
  • Cost basis considerations as it relates to: trading, transfers, income and payment transactions
  • Regulatory & Tax Information Reporting considerations for virtual asset transactions
  • A path to building compliance and scalability for the long-term

As cryptocurrency goes mainstream, regulators have made digital assets a priority. As such, we believe a tidal wave of new guidance is coming. This whitepaper will not only allow your organization to build a scalable compliance strategy and avoid costly penalties, but also negate potential disruptions of service for your clients.