Interview with Tony Tuths

Tony Tuths, a KPMG tax expert, discusses the evolution of cryptocurrency taxation, explaining how blockchain, tokenization, and smart contracts are transforming financial markets while creating complex tax challenges. He highlights key IRS guidance on digital assets, the new broker reporting requirements, and unresolved issues involving tokenized securities, AI-driven trading, and tracking cost basis across platforms. Tuths emphasizes that the most urgent priority is closing the digital asset tax information gap through clearer regulations and more reliable transaction reporting, with the long-term potential for real-time tax reporting using blockchain technology.