Second Realm

Eric P. Rhodes, Artist


Crypto

  • Navigating the New Tax Code Requirements for Crypto Assets: A Guide for Artists (Part 2)

    Assessing the Enforceability of the New Tax Amendments in the Evolving Crypto Landscape NOTE: On January 16, 2024, the IRS has announced that that businesses do not have to report certain transactions involving digital assets until regulations are issued. Artists are facing transformative changes due to the Infrastructure Investment and Jobs Act’s amendment to the Tax Code. As outlined…

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  • Navigating the New Tax Code Requirements for Crypto Assets: A Guide for Artists (Part 1)

    Introduction to the Amended IRC 6050I NOTE: On January 16, 2024, the IRS has announced that that businesses do not have to report certain transactions involving digital assets until regulations are issued. The Infrastructure Investment and Jobs Act has brought significant changes to the tax landscape, especially for those dealing in digital assets. Under the amended Internal Revenue…

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