This week we look at:

• More CRAT problems - but this one the IRS had warned against using

• Change of protocol underlying cryptocurrency from proof of work to proof of stake is not a taxable event

• Fact some countries now treat Bitcoin as legal tender does not change its status as property, not foreign currency

• Taxpayer finds they had to wait a year to claim a deduction for cashier’s check purchased to settle legal dispute

An audio only version of this week’s broadcast can be streamed or downloaded below:

The slides and links to supporting articles can be downloaded below:

2023-05-01 Current Federal Tax Developments