As cryptoassets, such as bitcoin, have gained status as virtual assets, commentators have suggested that they serve as the new virtual gold.3 Both gold and cryptoassets share many… Read more “Gold and bitcoin: Tax implications of physical and virtual mining”
Tag: Bitcoin
The current state of evolution of cryptoasset taxation
The IRS began sparingly providing tax guidance on cryptoasset reporting standards beginning in 2014 with Notice 2014-21. The notice applied the general tax principles for property to… Read more “The current state of evolution of cryptoasset taxation”
Cryptoasset mining and state tax incentives
The popularity of blockchain and cryptoassets such as bitcoin has increased significantly over the past few years, as has their utility. Cryptoassets have become more mainstream, as… Read more “Cryptoasset mining and state tax incentives”
Commercial real estate: Debt restructuring and planning
As the pandemic recedes, many economists are predicting a shift in the commercial real estate sector. The anticipation is that many companies will continue to work remotely… Read more “Commercial real estate: Debt restructuring and planning”
SBA streamlines forgiveness process for most PPP loans
The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program… Read more “SBA streamlines forgiveness process for most PPP loans”
CPAs and the historic Paycheck Protection Program
We passed a major milestone in pandemic economic recovery recently — the closeout of the loan application period for the Paycheck Protection Program (PPP), which ended May… Read more “CPAs and the historic Paycheck Protection Program”
THE TAXATION OF CRYPTOCURRENCIES
Cryptocurrency and blockchain technology have grown in popularity and ubiquity in the past few years. Just within the last year alone, the most well-known and popular type… Read more “THE TAXATION OF CRYPTOCURRENCIES”
Azari T Benjamin PL 