Insights from the EY Center for Tax Policy

With the 2024 filing season now behind us, taxpayers and advisors are at a pivotal moment for digital asset tax compliance and reporting. Recent regulatory developments—along with a comprehensive report with recommendations from the President’s Working Group on Digital Asset Markets, congressional hearings, heightened IRS scrutiny, and expected legislative reforms—indicate a transition toward more systematic oversight. This shift is especially pronounced for stablecoins and platforms governed by broker reporting requirements. Yet much remains uncertain, including nuances of basis tracking, treatment of staking and lending, and how decentralized and foreign intermediaries fit into the reporting landscape.

Join us for a webcast in which we spotlight the key tax and reporting changes coming in 2025 and beyond, and what you need to do now to stay ahead.

Topics to be discussed include:

• Recent legislative proposals from Sen. Cynthia Lummis (R-WY), Rep. Max Miller (R-OH), and others, as well as the latest insights on digital asset taxation from Washington Council Ernst & Young
• Income tax reporting: anticipated changes to the treatment, recognition, and documentation of digital asset transactions for 2025 and beyond; insights on some top issues in the recent legislative proposals
• Information reporting: preparing for new transparency, broker reporting, and taxpayer disclosure obligations; steps taxpayers and their advisors can take right now

Date: Friday, December 5, 2025

Time: 12:00–1:00 p.m. ET New York; 9:00–10:00 a.m. PT Los Angeles

Registration: Register for this event.

Panelists

• Tara Ferris, Principal, Information Reporting and Withholding/Customer Tax Operations and Reporting Services Leader, Ernst & Young LLP
• Bill Rys, Managing Director, Washington Council Ernst & Young, Ernst & Young LLP
• Matthew Stevens, National Tax Digital Asset Co-Lead, Ernst & Young LLP

Moderator

• Thomas Shea, Principal, Financial Services Crypto Tax Leader, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on duration. Field of study: Taxes. Learning objective: Analyze the operational impact of the new requirements of the final regulations; discuss how to prioritize the impacts for a given business and how to leverage existing processes to accelerate implementation. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | barbara.kirchheimer@ey.com

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