Tag Archives: crypto

Podcast – BPB Knows Cryptocurrency Issues and the IRS

Posted on June 20, 2024 by

On this episode Associate Director of Tax Services Jonathan Menna shares the latest tips and traps for cryptocurrency investors.

IRS, U.S. Treasury Continue to Clamp Down on Cryptocurrency Reporting by Jonathan Menna, CPA

Posted on December 12, 2023 by

It has been nearly 10 years since the IRS first announced in Notice 2014-21, 2014-16 I.R.B 938 it would treat cryptocurrency as a capital asset for federal tax purposes, subject to the same general tax principles as other forms of property, including stocks and bonds. Two recent developments are significant in helping the agency crackdown […]

Podcast – BPB Knows Cryptocurrency Tax Issues

Posted on February 02, 2023 by Lewis Taub

In this episode, Director of Tax Services Lewis Taub shares the details about the IRS’s interest in crypto assets, gains and losses.

Reporting Cryptocurrency Transactions while Minimizing the Tax by Lewis Taub, CPA

Posted on January 19, 2023 by Lewis Taub

The IRS has new tools at its disposal to crack down on taxpayers who fail to report gains and losses from cryptocurrency transactions in 2023. In this environment, it is critical taxpayers understand their obligations to pay taxes on crypto transactions and look for potential opportunities to minimize those liabilities. Cryptocurrency Tax Compliance In 2014, […]

IRS Clarifies Taxes on Cryptocurrency Hard Forks and Airdrops by Lewis Taub, CPA

Posted on July 07, 2021 by Lewis Taub

Signaling that cryptocurrency is not a passing fad, more than 12,000 people gathered in Miami in early June 2021 for what was billed as the largest Bitcoin conference in history. As digital currency continues to gain mainstream popularity — both as a viable investment vehicle and a method of payment for goods and services — […]

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