Proposed Foreign Crypto Reporting
On March 28, the Treasury Department released its Green Book, explaining revenue estimates included in the fiscal 2023 federal budget. One of the Green Book’s highlights was the introduction of…
Read MoreCryptocurrency
U.S. tax and reporting rules for cryptocurrency held by Americans abroad, including FBAR and new broker reporting.
Infrastructure Bill Adds Rules for Reporting Cryptocurrency
On November 15, 2021, the $1 trillion so-called infrastructure bill was signed into law. While the bill is not heavily focused on tax provisions per se, it does contain some changes that affect the…
Read MoreUS Expats and the Taxation of Cryptocurrency
Since its inception in 2008, cryptocurrency has become a game changer in how economic exchanges are transacted.
Read MoreCryptocurrency and FBAR Reporting
Recently, the US government foreshadowed the coming of a significant change in its FBAR reporting policy regarding virtual currency.
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