Publications
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09.12.2023IRS Issues Proposed Regulations Relating to Digital Asset TransactionsUpdatesThe U.S. Department of the Treasury and the Internal Revenue Service recently released proposed regulations (REG-122793-19) pertaining to information reporting and backup withholding, as well as basis and amount realized determinations for certain transactions involving digital assets.
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08.07.2023IRS Concludes That Staking Rewards Are Included in Gross IncomeUpdatesThe Internal Revenue Service issued Revenue Ruling 2023-14 on July 31, 2023, providing clarity on its position regarding the tax treatment of crypto staking rewards for cash-method taxpayers.