News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Third Circuit's Murrin decision binds Tax Court practitioners in DE/NJ/PA: a preparer's fraud alone triggers Section 6501(c)(1)'s unlimited assessment window, exposing innocent clients to decades of back-tax and interest liability
Vertical integration in prediction markets is accelerating M&A interest while simultaneously raising CFTC jurisdiction, antitrust, and state-gambling-law conflicts that compliance teams need to track.
Huione Group has become the largest illicit online marketplace ever recorded, with its own unregulated stablecoin USDH designed to evade asset freezes. Accounting firms and compliance teams need to understand the transaction volumes, the USDH exposure risk, and the AML obligations this creates.
OFAC's SDN list now includes identified on-chain addresses, raising the compliance bar for every firm that touches crypto assets
TIGTA finds IRS cannot centrally track all 1,124+ federal tax information data-sharing agreements, raising governance and FTI protection concerns for tax practitioners and compliance teams
IRS disputes CP53E errors exist while AICPA collects practitioner examples of erroneous notices sent to taxpayers who owed nothing
ESMA's role in the 2025 CCP Global CIDS fire drill and what the published report means for clearing members, auditors, and compliance leads
The FBI's action against Huione Group, the largest illicit crypto marketplace ever recorded, signals a new baseline for AML due diligence and stablecoin transaction screening at regulated firms.
The IRS has issued new guidance on AI risks under Circular 230, increasing compliance duties for tax practitioners. Crypto accounting software can help firms manage these obligations.
The Coinex sanctions allegations highlight the critical need for robust crypto accounting for accountants to ensure compliance with international sanctions.
The IRS filing season disparity between online and other filers highlights the need for robust crypto accounting software to ensure accurate reporting and reduce audit risk for accounting firms.
The Supreme Court ruling on IRS time limits for preparer fraud increases compliance risk for crypto accounting firms, making robust crypto accounting software essential for audit trails and accuracy.
OFAC sanctions highlight the need for crypto accounting software with built-in sanctions screening and compliance reporting for accounting firms servicing crypto clients.
Poor IRS phone service highlights the need for accurate crypto accounting software to minimize taxpayer errors and inquiries.
OFAC sanctions on crypto addresses create compliance obligations that crypto accounting software can address through screening and reporting.
IRS staffing changes may increase audit scrutiny on crypto, making robust crypto accounting software essential for compliance.
The IRS merger of tax practitioner offices signals increased scrutiny, making crypto accounting software essential for compliance.
IRS hiring events after staff cuts signal increased enforcement, making crypto accounting software essential for firms to manage client compliance.
CPA firms can improve profitability by integrating crypto CPA services as a new advisory revenue stream.
SEC's fireside chat signals a shift towards rebuilding trust and improving usability in crypto regulation, impacting how firms use crypto accounting software for compliance.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure accurate trade reporting and compliance.
The Coinex Iran case highlights the need for robust crypto accounting software to detect and report sanctions violations.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure compliance and audit readiness.
The Meta IRS dispute underscores the importance of accurate crypto accounting software for tax compliance and audit readiness.
