BitGo Cements Hold on Institutional Market With Lumina Acquisition

BitGo is expanding aggressively out of its core custodial business, announcing Thursday it acquired Lumina to build a tax service.

CoinTracker Adds 6 Industry Partnerships for Its Crypto Tax Reporting Tool

The firm has partnered with a number of prominent blockchain industry names including ErisX, Lolli and Casa.

Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a survey.

IRS Crypto Summit Was About the Exchange of Ideas, Not Tax Guidance

No new guidance is expected to come from Tuesday’s IRS Crypto Summit, but that the event happened at all is still a positive sign for the industry.

Uphold Teams With TaxBit to More Accurately Report Users’ Crypto Trades

Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes.

The IRS Is Inviting Crypto Firms to a ‘Summit’ in DC Next Month

The IRS will hold a summit to better inform its thinking around taxing cryptocurrencies next month.

IRS Refused to Clarify Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says

The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said.

DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?

Nobody likes taxes but for U.S.-based blockchain users things can be particularly awful. This week we discuss U.S. tax treatment of "virtual currencies" and how scams find a home wherever opportunity exists, at least for a while.

How Blockchain Will Track Taxes (and Tax Cheats)

The chairman of the Global Blockchain Business Council is working with others on a way to add transparency and openness to taxes.