A Quick Guide to Taxable Boot (Accounting Web) - To achieve full tax deferral in an exchange, clients must spend all of the proceeds from their sale and reacquire any debt paid off. But an exchange does not have to result in this outcome.
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How Accountants Can Help Crypto-mining Clients (Accounting Today) - Imagine walking into a CPAâs office ten years ago to ask for tax advice on this new digital currency called Bitcoin. You tell the bewildered accountant that you use computers to âmineâ this currency on the internet, but youâd like to know how to stay on the IRSâs good side while doing so.