Articles & Legal Insights
Practical legal guidance and timely updates from The Karam Firm — helping individuals and businesses navigate complex legal landscapes with confidence.
IRS Digital Asset Reporting Continues to Expand: New Proposed Rules Address Electronic Form 1099-DA Statements
Treasury and the IRS have issued proposed regulations that would make it easier for digital asset brokers to provide Form 1099-DA statements electronically. The proposal is another step in the government’s broader effort to bring cryptocurrency and other digital asset transactions into the information-reporting system.
For digital asset brokers, exchanges, platforms, payment processors, and investors, the message is clear: digital asset tax reporting is moving from a largely self-reported environment toward a more formal third-party reporting regime.
Tax Court Confirms Crypto Staking Rewards Are Taxable When Received
The Tax Court’s recent decision in Paschall v. Commissioner, T.C. Memo. 2026-46, is an important development for taxpayers who receive cryptocurrency staking rewards. The case addressed a question that has been heavily debated in the digital-asset tax community: are staking rewards taxable when received, or only later when the taxpayer sells or exchanges the tokens?
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