On August 25, 2023, the IRS issued proposed regulations that would require brokers to report sales and exchanges of digital assets by customers, a move that is intended to make digital asset tax reporting similar to the tax reporting required for other financial assets.
How the CARES Act Can Help Your Business
The Coronavirus Aid, Relief and Economic Security Act (CARES Act or the Act) was signed into law by President Trump on March 27, 2020. The CARES Act is estimated to provide over $2 trillion of aid to the American economy including an array of programs and tax provisions focused on small businesses and individuals.