With the April 18th tax deadline just behind us, it’s timely to note that filing a return is not the end of the story for taxpayers who have “their number” called for an IRS examination. While in recent years there has been a severe staffing shortage at the IRS, followed by the...
Read MoreCryptocurrency mining refers to the process of participating in a consensus mechanism that includes Proof of Work components. Generally, this is done to collect mining rewards from the network. In other words, cryptocurrency mining is the process of contributing computing power to the network in...
Read MoreCohen & Company has been named the best tax and audit provider by Hedgeweek in their 2022 US Digital Assets Awards. The inaugural awards ceremony recognized excellence among fund managers and service providers in the digital assets space. “It’s humbling to be recognized in the...
Read MoreFrom digital art to in-game digital assets, the recent emergence and rising popularity of non-fungible tokens (NFTs) is leaving individuals with a plethora of tax questions. This article is intended to provide some clarity for those looking to invest in this evolving asset class. What is an...
Read More** Updated 11/15/21 **On November 5, 2021, Congress passed the long-awaited Infrastructure Investment and Jobs Act, which was signed by President Biden on November 15. Below is a look at the two tax-related provisions included in the Act and their potential impact.1. Crypto Asset Information...
Read MoreAs cryptocurrencies, such as Bitcoin and Ethereum, become more prevalent and developed as an asset class, the questions of if and how regulated investment companies (RICs) can gain exposure are becoming more common. In particular, there are a number of tax issues and complexities RICs and their...
Read MoreThis year’s 2021 Virtual Summer CPE Series was another great way for us to reach out and help our private company clients stay on top of important issues for their businesses. We are grateful for everyone who joined us over the past couple of months, giving us the chance to speak and answer...
Read MoreIn its latest risk alert released on February 26, 2021, the Division of Examinations (formerly known as the Office of Compliance Inspections and Examinations) offers its observations regarding digital asset securities after examining investment advisers, broker-dealers and transfer agents.One of...
Read MoreAs registered funds show increased interest in the digital asset market — whether they are looking to create a new ETF product or simply to gain more exposure to this asset class — a foundational understanding of this evolving space will be critical before moving forward with any type...
Read MoreFor those of you who’ve been through multiple crypto market cycles, extended bear markets can seem to take years off your life. But the relatively recent excitement surrounding bitcoin and other cryptoassets (and correlated price appreciation) has been a worthy vindication of your tireless...
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