FORVIS: In 2022, several centralized cryptocurrency exchanges filed for bankruptcy due to being overleveraged, dragging the overall cryptocurrency market down. The total cryptocurrency market capitalization (or market cap) peaked in late 2021 at approximately $3 trillion, but as of this writing is now under $1 trillion. Investors that held assets on centralized cryptocurrency exchanges likely want to know what their options are for recouping losses on their federal income tax returns. Read more…

FORVIS: The long-awaited SEC final rule on climate disclosure was unexpectedly delayed due to a technical glitch. The more aggressive European targets have encountered speed bumps, but the European Commission (EC) recently approved 12 standards that will be effective for large companies on January 1, 2024. Read more…