In the News | Accounting Today
New crypto regs will generate information deluge
Dec. 31, 2024 · Authored by James Creech
New crypto reporting regulations take effect on Jan. 1, 2025, requiring a shift from ad hoc reporting to standardized 1099-B statements. With the changes now in place, financial services organizations and taxpayers are navigating the challenges of compliance. In Accounting Today, Baker Tilly’s James Creech outlines key issues taxpayers may face during this transition.
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