Tax Corner I Blog

A bitcoin sits on top of a circuit board.

Cryptocurrency Reporting Under Biden Infrastructure Bill

Cryptocurrency traders are going to face more reporting under Biden’s Infrastructure Bill as the government eyes the digital currency. Persons who regularly execute transfers of digital assets such as bitcoin, ether and NFTs will needs to report those transactions to the IRS, as well as reporting any digital asset transaction over $10,000. If this rule

Cryptocurrency Reporting Under Biden Infrastructure Bill Read More »

A woman is using a laptop with graphs on it.

IRS Bank Reporting Plan

Democrats are trying to find ways to fund new social program initiatives. One of the ways is through a proposal requiring banks to report additional information from taxpayers as a way to find additional taxes from unidentified income. What exactly do the Democrats want the banks to report to the IRS? The sum of deposits

IRS Bank Reporting Plan Read More »

Scroll to Top