BDO Knows Cryptocurrency Taxation

From Crypto to NFTs, Keep Up With Current Tax Regulations

Cryptocurrencies and digital assets are increasingly becoming a part of the global financial landscape. These exciting but complex opportunities come with a unique set of risks and incentives.

Whether you’re already invested or are considering a digital asset strategy, BDO can help you understand the evolving taxation and reporting requirements.

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Article

Sales Tax Issues With Crypto Transactions

‎March‎ ‎23‎, ‎2022

If you’re involved with virtual currency – whether as an investor, a miner or as a merchant accepting cryptocurrency as payment – you are likely to face tax issues.

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Article

NFT Tax Overview: Considerations for Creators and Investors

‎February‎ ‎28‎, ‎2022

Non-fungible Tokens (NFTs) have exploded in popularity over the last several years, and as investors begin to consider their 2021 tax filings, uncertainty exists with respect to how the Internal Revenue Service (IRS) wants taxpayers to report these transactions.

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Article

Tezos Validator Rejects IRS Settlement, Pushes for Clarity on Taxation of Staking Income

‎February‎ ‎6‎, ‎2022

In a step toward greater clarity in crypto taxation, a taxpayer staking Tezos (Jarrett v. United States, No. 3:21-cv-00419 (M.D. Tenn.)) has declined a refund settlement offered by the Internal Revenue Service in an effort to receive a final judicial decision that would set future precedent for taxation of staking rewards.

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