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Tag Archives: IRS

US Infrastructure Law: Top Impacts on the Digital Asset Industry

The industry will have two years to learn the new requirements and develop systems to ensure compliance. By Elena Romanova, Stephen P. Wink, Adam Zuckerman, and Deric Behar On November 15, 2021, President Biden signed the US$1.2 trillion Infrastructure Investment and Jobs Act into law (the Law). Two provisions of the Law could have a … Continue Reading

The Future Ain’t What It Used to Be: New Tax Guidance Issued for Cryptocurrencies

The IRS has published a Revenue Ruling and FAQs clarifying some long-standing virtual currency questions. By Brian C. McManus, Elena Romanova, Stephen P. Wink, Sam (Seung Hyun) Yang, and Deric Behar On October 9, 2019, the US Internal Revenue Service (IRS) issued its first guidance on the tax treatment of cryptocurrencies in at least five … Continue Reading
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