CPA
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irs crypto users
Regulation News
irs crypto users
Regulation News

IRS Issues Warning to Crypto Users, but CPAs Demand More Information

Nivesh Rustgi July 27, 2019

The Tax collection agency of the US Government, the IRS (Internal Revenue System) recently issued strict warnings to 10,000 cryptocurrency investors. The letters iterated that the users might have broken federal tax laws if they have failed to comply with taxes imposed by law. IRS Commissioner Chuck Rettig told the media, “Taxpayers should take these

The Tax collection agency of the US Government, the IRS (Internal Revenue System) recently issued strict warnings to 10,000 cryptocurrency investors. The letters iterated that the users might have broken federal tax laws if they have failed to comply with taxes imposed by law. IRS Commissioner Chuck Rettig told the media, “Taxpayers should take these

FAF, FASB cryptocurrency
Regulation News
FAF, FASB cryptocurrency
Regulation News

Accounting Committee of CalCPA Calls for New FASB Rules on Cryptocurrency

Nivesh Rustgi June 6, 2019

The Certified Public Accountants of California, U.S. have called for the need for ‘accounting and disclosures rules for cryptocurrencies.’ This will enable citizens to manage their cryptocurrency investments efficiently. It will also enable efficient tax collection and allow efficient use of the rules to obtain rebates related to such investments. The open letter was brought

The Certified Public Accountants of California, U.S. have called for the need for ‘accounting and disclosures rules for cryptocurrencies.’ This will enable citizens to manage their cryptocurrency investments efficiently. It will also enable efficient tax collection and allow efficient use of the rules to obtain rebates related to such investments. The open letter was brought