The tax code treats virtual currency as property, not currency, triggering income recognition events that many taxpayers never anticipated, according to a Congressional Research Service (CRS) report published September 2. The stakes are immediate: a recent Tax Court ruling upheld staking income taxation, a pending case challenges the same principle, and Congress is drafting bills…
WASHINGTON — The U.S. Supreme Court on Thursday blocked an attempt by a Republican state official in Missouri to use a newly drawn GOP congressional map for this year’s elections.
