International Reporting Obligations for Transactions Pertaining to Cryptos/Virtual Currencies - ABA May Tax Meeting

May 13 2022

12:00 PM - 1:00 PM

Sahel Assar, counsel in the firm's Tax section, will be serving as the moderator for the "International Reporting Obligations for Transactions Pertaining to Cryptos/Virtual Currencies" panel at the American Bar Association's 2022 May Tax Meeting.

This panel will discuss how various reporting obligations apply to crypto transactions, including Form 1040 reporting, Form 1099 information reporting, and Form 1042 withholding on U.S. source income of foreign persons. This panel will also discuss the Crypto-Asset Reporting Framework recently released on March 22, 2022 by the OECD. Finally, the panel will address voluntary disclosure of crypto transactions on Form 14457 to avoid criminal prosecution.