What SEC–CFTC Harmonization Means for Audit Evidence in 2026 If you work in digital assets, you have probably learned to treat Washington headlines as background noise. A hearing gets scheduled, a markup gets postponed, a new draft circulates, and the day-to-day work does not change. The SEC and CFTC talking publicly about “harmonization” feels like […]
Read Article
Why 2026 is the data capture year For years, crypto reporting has been framed as a policy and compliance story. In 2026, it becomes an operations story. Not because every jurisdiction has identical rules. They do not. Because multiple jurisdictions are now turning on reporting requirements at the same time, and they all demand the […]
Read Article
Why crypto reporting is now a data engineering problem On Jan 8, 2026, the IRS kicked off filing season messaging and made a point of calling out Form 1099-DA. That is the tell. Digital asset reporting is moving from “new rule” to “operational reality.” This year, more teams are going to learn the hard way […]
Read Article
What teams should retain every close The rules are mostly written. Now comes the part that matters: proving the numbers. In 2026, the gap between “we can explain it” and “we can evidence it” will determine who closes smoothly and who lives with follow-up requests. The goal is simple: every close should produce an evidence […]
Read Article
When the U.S. Treasury and IRS released Revenue Procedure 2025-31, they did more than “green light” staking for Ethereum and Solana ETFs. They told issuers that if they want the comfort of a safe harbor, they have to accept a very real operational constraint: staking rewards, net of trust expenses, need to be pushed out […]
Read Article
Introduction As the blockchain ecosystem matures, companies developing financial products on Solana and emerging Solana Virtual Machine (SVM) blockchains, such as the new FOGO chain, face increasingly complex challenges. These challenges are not just technical but also regulatory, as recent U.S. Treasury and IRS regulations place higher demands on digital asset reporting and compliance. Solana’s […]
Read Article
As the January 1, 2025 deadline mandating crypto brokers to issue Forms 1099-DA approaches, the industry faces a massive compliance burden that most are unprepared for. Even the estimated 8 billion forms could be too low once tax lot reporting kicks in. Brokers must brace for an onslaught of customer inquiries once these new tax forms start arriving. The 1099-DA […]
Read Article
The IRS unveiled the much-anticipated draft of Form 1099-DA on April 18th. It’s crucial that any entity falling under the broker category, as per the proposed rules of August 2023, comprehends the reporting obligations. With the reporting requirement set to kick in on January 1st, 2025, there are only eight months to devise a viable […]
Read Article
NODE40, a leading provider in the analytics of financial transactions from the blockchain, is pleased to announce that Norman Hannawa has joined the company as Head of Tax and Accounting Solutions. Mr. Hannawa is a tax attorney who brings a wealth of experience in tax and accounting, specializing in digital assets. He has over 20 […]
Read Article
You made it! Another tax year in the bag — or at least deferred until October. Now you can take the time to think about strategy. Tax strategy and tax liability are two sides of the same coin. An effective tax strategy can mitigate one’s tax liability. With cryptocurrencies, the difficulty lies in understanding the […]
Read Article
The IRS is about to make an example out of cryptocurrency tax avoiders – don’t let it be you. This year, the IRS will ask you if you had cryptocurrency in 2019 and it’s going to make a lot of people nervous. Until now, those choosing to report taxes on crypto were somewhat shielded from […]
Read Article
A lot of people are, but you don’t have to be one of them this tax season. Over the last five years, the customer support team at NODE40 has been fielding all sorts of questions from customers and reporters, so we tailored our self-service tax platform to help you make sense of your cryptocurrency tax […]
Read Article
You’re probably receiving emails from other crypto tax platforms filled with claims about how they can save you money on taxes. They claim to have some optimized way to crunch your numbers, or they allow you to pick a minimization strategy when you import your data. If your goal is to try and cheat the […]
Read Article
Different corporate compliance efforts and a rapidly evolving cryptocurrency industry have outpaced the IRS guidance, leading to American taxpayers receiving notices like the CP2000 from the IRS of massive underreporting. Join crypto tax thought leaders from Sovos and NODE40 as they discuss why users of virtual currencies receive underreporting notices from the IRS and how you can fix the […]
Read Article
The next filing deadline is right around the corner. If you have cryptocurrency trading activity to include on your tax return, preparing as early as possible is a very sensible approach. While not an impossible task given the proper tools, organizing and understanding your crypto tax liabilities does require some thought. The level of complexity […]
Read Article
While the buzz around Bitcoin is well and truly reaching papers, airwaves, and TV screens across the globe, there’s something far less visible, but far more exciting at play. I’m talking about the IRS’ hunt for Bitcoin billionaires, or more specifically, individuals that have forgotten to, inadvertently, or deliberately flouted their tax reporting obligations. It’s […]
Read Article
While independence from government intervention was one of the key tenets that Bitcoin was built on, the majority of cryptocurrencies now operate under far more scrutiny from the authorities than many early pioneers would have hoped for. Unsurprisingly, one of the most interested government authorities is the IRS. The tax agency has noticed the extraordinary […]
Read Article