How Virtual Reality Technologies And The Metaverse Are Introducing New Tax Challenges, And How Audits Adapt To This Digital Realm. As virtual reality (VR) technologies continue to advance and the metaverse becomes an integral part of our digital lives, taxation
Navigating the Unique Tax Landscape for Artists, Writers, and Designers and Turning Their Work into Non-Fungible Tokens (NFTs) Freelancers in the creative industry, including artists, writers, and designers, often enjoy the freedom and flexibility of their work. However, this independence
The Treasury Department and the IRS are inclined to treat NFTs as collectibles for taxation. The IRS has released initial guidance on Non-Fungible Tokens (NFTs), giving clarity on the tax treatment of these unique digital assets. NFTs have gained immense