New crypto tax reporting obligations took effect on new year’s day
We wish you all a very happy new year! Unfortunately, the new year also brings a new law that is not only unconstitutional but also virtually impossible to comply with...
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Amicus brief in case relating to IRS John Doe summons on exchanges
Coin Center's submitted this brief in support of James Harper in his case against the IRS. A direct download of this brief is available here.
A Simple Legislative Fix to Complicated Tax Rules for Personal Cryptocurrency Transactions
Existing rules for the taxation of cryptocurrency can make even the simplest of transactions a confusing ordeal to track, record, and report. A legislative fix is needed for everyday transactions,...
Coin Center Suggestions to Address Uncertain Tax Treatment of Digital Assets
A direct download of this letter is available here. Dear Chairman Wyden and Ranking Member Crapo, Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center...
A Snapshot of the Current Questions and Unsettled Policy Related to Cryptocurrency Taxation
Tax issues range from general questions about how digital assets should be taxed to technical issues dealing with accounting practices and reporting obligations. Novel technological aspects of digital assets that...
U.C. Berkeley’s Decentralized Finance MOOC
Peter Van Valkenburgh gave a lecture on privacy and surveillance law for U.C. Berkeley’s Decentralized Finance MOOC with a focus on the constitutionality of 6050I reporting and the OFAC sanctions against Tornado...
The Virtual Currency Tax Fairness Act of 2022 was introduced with bipartisan sponsors in the Senate today. This is a companion to a bill with the same name that has...
Coin Center amicus brief in Jarrett v U.S.
A direct download of this brief is available here.
Congress takes a step toward a de minimis exemption for everyday cryptocurrency transactions
The Virtual Currency Tax Fairness Act of 2022 was introduced with bipartisan sponsors in Congress today. It would create a sensible de minimis exemption for low value cryptocurrency transactions in...
IRS signals retreat in court battle that could reshape block reward taxation
Last year, Joshua Jarrett sued the IRS for a refund. In 2019 he earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income (as per the...