Tax Week 2023

On Monday, federal officials heard from the industry on the mayhem the U.S. crypto tax plan could cause and a comment window is now closed. Many industry experts view this proposal as a dangerous and improper overreach. As part of CoinDesk's Tax Week 2023 conversation, Coin Center Director of Research Peter Van Valkenburgh joins "First Mover" to share his thoughts after the crypto industry has responded with over 120,000 comments about the plan.

17 nov 2023

Jackson Hewitt Chief Tax Information Officer Mark Steber joins "First Mover" to break down the basics of crypto taxes and what new investors need to know before filing. Steber also explains whether gains in specific crypto sectors like staking are taxable income.

16 nov 2023

Over 120,000 comments have come in regarding an IRS proposal that maps out how crypto brokers and investors would report transactions to the agency. Kirk Phillips, who is the founder of educational site cryptobullseye.zone, joins "First Mover" as part of CoinDesk's Tax Week 2023. Phillips discusses his reaction to the hearing and why he thinks the 6045 digital asset broker regulations could greatly increase the cost of filing crypto taxes.

14 nov 2023

As part of CoinDesk's Tax Week 2023, TaxBit Head of Government Solutions Miles Fuller discusses how the end of FTX founder Sam Bankman-Fried's trial could provide some clarity for FTX customers as to how the company’s bankruptcy might affect their taxes. However, how the IRS might act in the context of illegal activity remains unclear.

13 nov 2023