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Sep 13 2023 -
Oct 17 2023
2:15 PM - 3:30 PM

Sahel A. AssarBlockchain and Digital Asset Practice Group Leader and Counsel at the firm, moderated a panel entitled "Demystifying the Newly Released Proposed Regulations on Digital Asset Transactions" at the IFA USA Annual Virtual Conference.

This panel covered:

  • Introduction to U.S. Tax Information Reporting Framework - TIN, Chapters 3, 41, 24 and 61
  • Approach IRS and Treasury Devised Developing the Proposed Regulations
  • Broker Reporting for Digital Assets - Introduction to Section 6045, broker” defined, reporting requirements, treatment of staking, validation mining software, DeFi wallets, stablecoins, treatment of non-U.S. exempt brokers 
  • U.S. Tax Information Reporting for Digital Assets - CARF, CRS, DAC8 and other reporting requirements