Cryptocurrency Reporting

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What You Need to Know to Prepare for IRS Crypto Compliance

Bailey Scarano Blog / By

Cryptocurrency owners, along with the financial experts and legal professionals who guide them, should take heed of the Internal Revenue Service’s (IRS) current efforts to ensure compliance among those involved in crypto transactions. One of the signs that the IRS is giving closer scrutiny to crypto activities is the question added to Form 1040, which […]

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Infrastructure Bill Could Put an End to Employee Retention Tax Credits

Bailey Scarano Blog, Tax & Money Tips / By

The much-discussed Infrastructure Investment and Jobs Act passed by a vote of 69-30 in the Senate in mid August. The next step will happen next week when the Senate is scheduled to vote on the budget resolution that will make implementing this act possible. Like any bill of this magnitude, it contains numerous provisions. While

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