Publications

Executive Order Makes Policy On Crypto Less Cryptic
Cryptocurrency, NFT, Digital Assets Matthew Erskine Cryptocurrency, NFT, Digital Assets Matthew Erskine

Executive Order Makes Policy On Crypto Less Cryptic

An executive order outlining six key priorities focused on American competitiveness, central bank digital currencies (CBDCs), and proactive legislation. The more proactive approach to the growth and regulation of the digital asset sector in the U.S. is an acknowledgment of the hundreds of thousands of investors looking to embrace crypto and web 3.0 in U.S. markets.

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Reporting Requirements For Cryptocurrencies And NFTs Begin In 2023
Income Taxes, NFT, Tax Planning Matthew Erskine Income Taxes, NFT, Tax Planning Matthew Erskine

Reporting Requirements For Cryptocurrencies And NFTs Begin In 2023

Planning on acquiring, digital assets, here is what to expect before the end of 2022?

Crypto Exchange, will collect a Form W-9 from you (seeking your taxpayer identification number) transactions subject to the reporting will include not only selling cryptocurrencies for fiat currencies (like U.S. dollars), but also exchanging cryptocurrencies for other cryptocurrencies, Form 8300 reporting of cash transactions will presumably follow the same effective dates.

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New Reporting Requirements On Cryptocurrency, Nonfungible Tokens And Other Digital Asset Transactions.
Art, NFT, Trusts, Fiduciary Matthew Erskine Art, NFT, Trusts, Fiduciary Matthew Erskine

New Reporting Requirements On Cryptocurrency, Nonfungible Tokens And Other Digital Asset Transactions.

The U.S. Senate has passed the “Build America Act of 2021” also known as the bipartisan infrastructure bill, that includes new reporting for cryptocurrency transactions and brokers of cryptocurrency…the Bill means that estate plans including any sort of digital asset in an estate will become more complicated.

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