Posts Tagged: Cryptocurrency

FASB Issues Exposure Draft for Crypto Assets

Posted April 27th, 2023 & filed under Blog.

The Financial Accounting Standards Board (FASB) has issued an Exposure Draft that contains guidance for improving the accounting and disclosure of crypto assets. The guidance applies to all entities holding crypto assets.

 » Read more

Cryptocurrency Staking Rewards are Still Taxable

Posted February 23rd, 2022 & filed under Blog.

On Feb. 2, the IRS conceded a lawsuit filed by Joshua and Jessica Jarrett concerning the taxability of staking rewards for cryptocurrencies. This decision was initially greeted as a victory by the crypto-community,

 » Read more