Tagged: tax reporting

September 23, 2023 @ 10:42 am By Omar Faridi  |  

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

October 11, 2022 @ 11:29 pm By Omar Faridi  |  

The OECD delivered a new global tax transparency framework “to provide for the reporting and exchange of information with respect to crypto-assets.” The Crypto-Asset Reporting Framework (CARF) “responds to a G20 request that the OECD develop a framework for the automatic exchange of information between… Read More

October 3, 2021 @ 5:43 pm By Omar Faridi  |  

IHS Markit, a leader in critical information, reveals that it’s teaming up with digital assets firm Coinbase (COIN: NASDAQ), in order to offer tax reporting information and related infrastructure. Through this partnership, IHS Markit will be creating and providing Forms 1099-MISC for Coinbase clients, with… Read More

July 12, 2021 @ 8:47 am By Omar Faridi  |  

Austria-based Blockpit, a provider of legally compliant and audited tax reports for the treatment of digital assets, reveals that it has acquired $10 million in capital as part of Series A round. Blockpit’s investment round has reportedly been led by MiddleGame Ventures (MGV) along with… Read More