#digital-assets
Digital Assets
Manage and account for digital assets including crypto and NFTs
California's DFAL Is Now in Force: Does Your Small Business Need a Crypto License?
California's Digital Financial Assets Law (DFAL) took full effect July 1, 2026, with penalties up to $100,000 per day for unlicensed crypto activity. Who needs a DFPI license, who qualifies for the merchant and $50,000 de minimis exemptions, and what the NMLS application requires.
The CLARITY Act Senate Showdown: What Crypto Market-Structure Rules Could Mean for Your Business's Digital Assets
The CLARITY Act cleared the House 294-134, but as of mid-July 2026 markets give it roughly 43% odds of passing the Senate before the August recess. Here's what the crypto market-structure bill means for businesses holding digital assets — and why FASB's ASU 2023-08 fair-value accounting rules already apply regardless of the vote.
Paschall v. Commissioner: The Tax Court Rules Crypto Staking Rewards Are Taxable on Receipt
In June 2026 the U.S. Tax Court ruled in Paschall v. Commissioner that $33,354 in Cardano staking rewards were gross income the moment they were credited — rejecting the dominion-and-control, stock-dividend, and self-created-property arguments. Here is what the first merits decision on staking taxes means for how you record every reward.
Bitcoin Mining Bookkeeping: Why Every Mining Pool Payout Is Its Own Taxable Event
Under IRS Notice 2014-21, every mining pool payout is ordinary income at its fair market value on receipt — a daily-payout pool creates ~365 taxable events a year before you sell anything. This guide covers hobby vs. Schedule C classification, 15.3% self-employment tax, Section 179 vs. 100% bonus depreciation for ASICs, the 2026 per-wallet cost-basis rule, Form 1099-DA reconciliation, and the per-lot records mining books need to survive an audit.
Digital Estate Planning for Business Owners: What Happens to Your Domains, Crypto, and Cloud Accounts When You're Gone
An estimated 20% of all Bitcoin is permanently inaccessible because owners died without sharing private keys — a practical guide to inventorying domains, crypto wallets, and cloud accounts under RUFADAA before a crisis forces the issue.
Getting Paid in Stablecoins: What the GENIUS Act Means for Small Business
The GENIUS Act, signed into law in July 2025, creates the first federal framework for payment stablecoins, and small businesses accepting them must record fair market value at receipt, track cost basis per transaction, and prepare for Form 1099-DA reporting starting with 2026 transactions.
Your Nonprofit Just Received a Bitcoin Donation. Now What?
A practical guide for nonprofits accepting cryptocurrency donations — how to write a gift acceptance policy for digital assets, apply FASB's ASU 2023-08 fair-value accounting rules, and meet IRS substantiation requirements including Form 8283 signatures, qualified appraisals over $5,000, and the Form 8282 three-year disposition rule.
Stablecoin Treasury for Small Businesses: How USDC Compares to Bank Sweeps and T-Bill Ladders
A 2026 small-business comparison of bank sweep accounts, Treasury bill ladders, and USDC stablecoin yield — covering 4–12% APY ranges, the GENIUS Act reserve rules, the March 2023 USDC depeg, and the 1099-DA reporting obligations now in force.
Form 14457 and the IRS Voluntary Disclosure Practice: A Survival Guide for Willful Non-Filers, Crypto Whales, and Offshore Account Holders
How willful non-filers, crypto whales, and offshore account holders use IRS Form 14457 to trade criminal exposure for a defined six-year civil resolution under the Voluntary Disclosure Practice — including the December 2025 proposed framework, disqualifying traps, and when to choose Streamlined or DIIRSP instead.
Form 1099-DA, Per-Wallet Cost Basis, and the Rev. Proc. 2024-28 Safe Harbor: A 2026 Crypto Tax Guide
Form 1099-DA introduces IRS broker reporting for digital asset sales beginning with 2025 transactions and adds cost-basis reporting for covered assets in 2026. Rev. Proc. 2024-28 simultaneously ends universal wallet accounting in favor of per-account allocation. This guide explains how investors and businesses reconcile 1099-DA against their own records, use the one-time safe harbor, and avoid paying capital gains tax twice.
DeFi Yield Farming Taxes 2026: Mapping LP Tokens, Staking, and Wrapped Tokens to Schedule D
A practical 2026 filing guide for U.S. DeFi users — how the IRS property classification turns LP token mints, staking accruals, wrapping, bridging, and impermanent loss into specific Form 8949 and Schedule D entries, and what Notice 2024-57 and Form 1099-DA actually change for self-reported activity.
Form 1099-DA: What Crypto Investors and Exchanges Need to Know About the IRS's New Digital Asset Tax Form
Form 1099-DA, the IRS's first dedicated information return for digital asset broker transactions, is being issued for tax year 2025 during the 2026 filing season. A practical guide to the broker definition, the DeFi carve-out, the 2025 gross-proceeds-only phase-in versus 2026 basis reporting, the wallet-by-wallet basis tracking rule, and how to reconcile the form to your own records before filing.