News & Analysis as of

State Taxes Bitcoin

Venable LLP

Cryptocurrencies, NFTs, and State Tax - There's Lots That We Don't Know Yet

Venable LLP on

Every so often something new and different comes along in the world of state and local tax that does not fit within the existing conceptual frameworks and rules. For example, the delivery of digital books and other digital...more

Cadwalader, Wickersham & Taft LLP

States Turning Eyes to Taxation of Cryptocurrency and Non-Fungible Tokens (NFTs)

As the IRS ponders its approach to taxing cryptocurrency and NFTs, states are increasingly imposing taxes on some digital asset transactions, including the use of cryptocurrencies...more

Robins Kaplan LLP

Financial Daily Dose 3.2.2021 | Top Story: U.S. Markets Bounce Back as Bonds Settle

Robins Kaplan LLP on

A quieter bond market was music to the markets’ ears on Monday, and they responded with their best day since last June...more

Proskauer - Blockchain and the Law

Ohio is the First US State to Allow Payment of Taxes Using Bitcoin

Today, Ohio reportedly becomes the first US state to allow taxes to be paid in the form of bitcoin. Although the program, which is spearheaded by Ohio Treasurer Josh Mandel, will not be available to individual taxpayers until...more

Clark Hill PLC

Window On Washington - Vol. 2, Issue 21

Clark Hill PLC on

Outlook for This Week in the Nation's Capital - Recess Week. Both the House and Senate are in recess this week. Opioid Legislation. Majority Leader McCarthy has said that the House is planning to consider its expansive...more

Rosenberg Martin Greenberg LLP

Reporting Cryptocurrency Investments and Transactions

Due to the inherent structure of cryptocurrency trading most users consider their transactions completely anonymous. The Internal Revenue Service (“IRS”) estimates three million individuals transact in cryptocurrency each...more

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