Tax Policy Center


Individual Taxes: TaxVox
After a bit of a delay, Treasury has proposed regulations outlining who in the cryptocurrency industry is a “broker” and hence obligated to provide the...
September 19, 2023John Buhl
Business Taxes: TaxVox
Taxing digital assets poses many tax policy puzzles. So many, in fact, that the Senate Finance Committee recently asked for advice on how to do...
July 31, 2023Donald Marron
Individual Taxes: TaxVox
The multi-billion-dollar collapse of cryptocurrency exchange FTX has raised important questions about the framework government is relying on to collect taxes from crypto investors ...
November 21, 2022John Buhl
Business Taxes: TaxVox
Sens. Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) today unveiled cryptocurrency legislation that seeks to provide regulatory clarity on a range of issues, including taxes...
June 7, 2022John Buhl
Individual Taxes: TaxVox
Cryptocurrency compliance is going global. But is the US ready to tackle compliance with foreign exchanges and accountholders before it finishes developing reporting rules for...
April 11, 2022John Buhl
Individual Taxes: TaxVox
IRS Commissioner Charles Rettig raised some eyebrows when he singled out the growing popularity of cryptocurrency as a big factor behind the sizeable tax gap—the...
February 11, 2022John Buhl
: TaxVox
The Senate won’t “Bring Home Jobs…” at least not through the bill that would have denied tax deductions for costs of moving corporations out of the country. The Bring Home Jobs Act needed 60 votes to pass but received only 54. The House GOP may vote to put the estate tax to death. They’ve been
July 31, 2014Renu Zaretsky
Individual Taxes: TaxVox
The IRS determined this week that Bitcoin and other digital currencies should be taxed as property, not currency. This means Bitcoin transactions will be taxed as capital gains, not as ordinary income. But, perhaps surprisingly , the act of spending Bitcoin could trigger capital gains taxes. Thus,
March 27, 2014Steven M. Rosenthal
Individual Taxes: TaxVox
By now most everyone has heard of bitcoin. But exactly what is it? And how should it be taxed? Bitcoin is usually described as virtual...
January 7, 2014Howard Gleckman