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Crypto Tax Report

By: Wendy Walker, Michael Soussan

Published: 2020-07-01

Organization: blox | SOVOS

Tags: tax, accounting, crypto

Overview: Governments were not prepared for the arrival of Bitcoin, cryptocurrencies and various digital assets. And until recently, they did not provide clear direction on how cryptocurrency earnings should be reported. As a result, investors and businesses have struggled to remain in compliance.

Even in the midst of new “regulation” that is not yet codified, professionals and investors alike remain confused and uncertain about the future of crypto regulation for accounting and tax. The Crypto Tax Report 2020 addresses the immediate and future challenges for tax and accounting professionals tasked with reporting on cryptocurrency.

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