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What Does Biden’s Executive Order Mean for Crypto Reporting?

By Nicole DeRosa, CPA, MAcc, Senior Tax Manager To further add to the “Crypto Crackdown,” yesterday, President Joe Biden signed the “Executive Order on Ensuring Responsible Development of Digital Assets” which set out his administration’s strategy to explore greater regulatory oversight of the digital asset market and prioritize the assessment of a Central Bank Digital Currency.  The devil is most certainly in the details; however, this is the most wide-reaching effort...

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Build Back Better Act: the Legislative Lull That Won’t Budge

Last year was another busy legislative year with new administration taking office and tax laws being passed left and right.  The American Rescue Plan was enacted back in March; the Infrastructure Investment and Jobs Act (IIJA) was signed into law in November and last, but certainly not least we come to the Build Back Better Act (BBBA) which was the last piece of major legislation the Biden administration sought to enact in 2021.  In the face of opposition by some moderate Democratic...

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