digital assets image activos digitales

Cuidado con las Estafas de Activos Digitales

January 2023

Las estafas de activos digitales pueden ocurrir de diferentes maneras a través de varias vías diferentes. Aunque las formas y los caminos difieren, el resultado final es siempre el mismo: hay un estafador que intenta apropiarse de los fondos del

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Crypto

Crypto Value Decline Not Equal to Crypto Tax Deduction

January 2023

Given that we are in full swing of tax season, many taxpayers are exploring the possibility of claiming a crypto tax deduction over their “devalued” crypto assets.  Taxpayers ought to refer to the IRS Chief Counsel Advice Memorandum Number: 202302011

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digital assets image activos digitales

Beware of Digital Asset Scams

January 2023

Digital asset scams can occur in different ways through several different avenues. Although the  ways and the avenues differ, the end result is always the same:  there is a scammer that is trying to appropriate the consumer’s funds via the

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digital assets image activos digitales

Digital Assets 2022 Form 1040 Question Checklist

January 2023

Form 1040 2022 changes the crypto terminology from “virtual currency” to “digital assets”.  The purpose of the change in terminology could be interpreted as a “head up” to taxpayers that the IRS is looking more closely as well as an

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banking organization organizaciones bancarias

Los Reguladores Advierten a las Organizaciones Bancarias que Tratan con Criptoactivos

January 2023

El  1/3/23, la Agencias Reguladoras; incluyendo la Junta de Gobernadores del Sistema de la Reserva Federal (“FED”), la Corporación Federal de Seguros de Depósitos (“FDIC”) y la Oficina del Contralor (“OCC”) emitieron una Declaración Conjunta sobre los Riesgos de los

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banking organization organizaciones bancarias

Regulators Warn Banking Organizations Dealing with Crypto

January 2023

On 1/3/23, Regulatory Agencies;  including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation  and the Office of the Comptroller issued a Joint Statement on Crypto-Asset Risks to Banking Organizations.  The Regulatory Agencies want to

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2022 1040 digital assets 2022 taxes

Digital Assets 2022 US Tax Form Instructions

December 2022

In an early release (10/17/18) of Draft IRS Tax Forms 1040 and 1040-SR Instructions, the IRS has provided U.S. Taxpayers digital assets holders a bit more clarity about how to report digital assets on their 1040 income tax forms.  On

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Se debe dejar claro que no hay protección del FDIC respecto a criptoactivos

October 2022

  Columna de Stanley Foodman en Funds Society. Se debe dejar claro que no hay protección del FDIC respecto a criptoactivos Columna de Stanley Foodman Se debe dejar claro que no hay protección del FDIC respecto a criptoactivos Fecha: 20 Oct

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crypto-asset activities

Crypto-Asset Activities Not Paired with Regulation

November 2022

The U.S. Department of the Treasury through its Financial Stability Oversight Council issued a press release presenting its Report on Digital Assets Financial Stability Risk and Regulation on 10/3/22 highlighting how crypto-asset activities could pose risks to the stability of

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digital assets image activos digitales

White House follows up with Digital Assets Priorities Identified in Executive Order

November 2022

President Biden’s Executive Order (EO) on Ensuring Responsible Development of Digital Assets was signed on 3/9/22 acknowledging how the rise in digital assets creates an opportunity to reinforce the leadership of the U.S. in the global financial system as well

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2022 1040 digital assets 2022 taxes

Form 1040 2022 Draft: IRS Changes Crypto Question

November 2022

On 9/1/22, the IRS posted Form 1040 2022 Draft.  Form 1040 is the U.S. Individual Income Tax Return and since tax year 2019, Form 1040 has been asking taxpayers about their virtual currency doings on the front page.  Form 1040

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tax avoidance evasion fiscal

El IRS Advierte a los Contribuyentes Contra las Estrategias de Evasión Fiscal

October 2022

El IRS concluyó su lista de Estafas de la Docena Sucia (“Dirty Dozen”) del 2022 recomendando a los contribuyentes a estar atentos y evitar ser engañados por las estrategias de evasión fiscal.  En la lista del 2022 están las criptomonedas,

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