The Internal Revenue Service (IRS) has recently unveiled the first draft of the 1099-DA form, tailored specifically for digital asset transactions. This development is...
While the interest in crypto markets skyrocketed, the NFT craze also saw a massive surge through the last year. However, it’s now time for the taxmen to check for tax liabilities from profits in these investments. IRS prepares for crackdown Bloomberg noted in its recent report that the NFT market worth an estimated $44 billion, […]
As cryptocurrencies become ever more popular, there is a rising demand for the ability to pay with, and get paid in, digital currency. People often wonder how one gets paid in cryptocurrency and how one uses cryptocurrency in payroll. This is not surprising, considering the benefits that come with crypto payments and payroll. Thankfully, several …