Technology Newsletter

IRS Cryptocurrency Guidance

IRS Releases New Guidance on Taxability for Certain Virtual Currency Transactions

On Oct. 9, 2019, the IRS issued Revenue Ruling 2019-21 and 43 Questions and Answers, the first new guidance since 2014 on the taxability for certain virtual currency transactions. Check out this recent Aprio blog to learn more.

IRS new draft form 1040

IRS Aims to Expose Cryptocurrency-Related Income with New Question on Form 1040

The IRS has circulated a new draft of the Form 1040, Schedule 1, proposing a new compliance measure that would hold taxpayers more accountable for disclosing income generated by virtual currency transactions.



Upcoming Aprio Sponsorships & Speaking Engagements

Event  Date & Location  Registration
Esports Summit Nov. 14 - 15, 2019 REGISTER
ATDC Office Hours Nov. 21, 2019 MORE INFORMATION
ATDC Office Hours Dec. 19, 2019  MORE INFORMATION

Recent Recognition and Speaking Engagements

  • Jagruti Solanki was on a panel at DISCLOSE 2019 and participated in AICPA’s Blockchain Symposium in New York.


Related Reading

NY Fruad

Learn about Aprio's Managed Accounting Solutions

Aprio's Managed Accounting Solutions offers a complete outsourced accounting solution the provides both onsite and remote support for businesses looking to outsource part or all of their accounting and finance function. Aprio's Managed Accounting Solutions team handles day-to-day business-critical accounting activities, allowing clients to stay focused on growing their businesses.


Podcast: Blockchain for CPAs, The Basics and Beyond

Jagruti Solanki, partner in Aprio's Blockchain practice, was recently featured on the AICPA's podcast "Go Beyond Disruption" where she discussed 'smart' contracts, internal controls of digital assets and how to use blockchain for proper financial reporting. Listen to the full episode now.


On-Demand Webinar: Sales Tax Compliance in a Post-Wayfair World

Learn the latest about the impacts of the Wayfair decision on sales tax compliance in this on-demand webinar.