American Bar to IRS: Create Safe Harbor for Hard-Forked Cryptos

The Internal Revenue Service (IRS) needs to establish guidelines on how Americans can report gains from hard-forked cryptocurrencies, the American Bar Association Section of Taxation said Tuesday. Section Chair Karen Hawkins wrote a letter noting that “several important developments in the cryptocurrency economy have taken place” since the IRS previously issued guidance on the federal […]

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Georgia Becomes Latest State to Consider Bitcoin for Tax Payments

Two state senators in Georgia have proposed a bill that would allow citizens to pay their tax obligations in bitcoin, marking the second legislative effort of its kind to emerge this year. Public records show that the measure submitted on Feb. 21 by senators Michael Williams and Joshua McKoon would, if passed, tweak the rules governing the […]

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