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: Taxes
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”
Equity incentive plan considerations for startup companies
Equity incentive plans continue to be a way for startup companies to incentivize and retain key executives and founders as well as some rank-and-file employees. These plans… Read more “Equity incentive plan considerations for startup companies”
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”
Current developments in S corporations
With respect to preparing returns of S corporations, certain new requirements went into effect for the 2020 tax year (relating to Schedule B-1/K-1 reporting), and others will… Read more “Current developments in S corporations”
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”
Online sign-up now available for advance child tax credit payments
The IRS opened an online site Monday that allows taxpayers who are not required to file a 2019 or 2020 individual income tax return to sign up… Read more “Online sign-up now available for advance child tax credit payments”
Azari T Benjamin PL 