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January 11, 2022

Crypto in the UK, Singapore, New Zealand and the BVI

  Crypto in the UK, Singapore, New Zealand and the BVI By: Mikhail Charles Pupil Barrister (England and Wales) Barrister (British Virgin Islands, St. Kitts and Nevis, St. Vincent, St. Lucia, Grenada) Summary: An understanding of cryptoassets and their correct legal and tax treatment has become increasingly important to businesses and their advisers. This note […]

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New Cryptocurrency Information Reporting Regime Required on Form 1099 and Form 8300

  On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act (the “Infrastructure Bill”), which significantly expands tax information reporting for certain cryptocurrency transactions. The Infrastructure Bill includes an information reporting requirement for cryptocurrency asset exchanges and custodians on an IRS Form 1099, and an information reporting requirement for certain persons who

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