Cryptocurrency Tax Update: Impact of New IRS Guidance and Proposed U.S. Tax Rate Increase
New Internal Revenue Service guidance on hard forks and a proposed tax rate increase on…More
Tagged: IRS
IRS Serious About Crypto Reportings in its New Draft Form
The Internal Revenue Service (IRS) has recently released the draft form 1040 for the US…More
The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies…More
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Many US companies that deal with cryptocurrencies are privately held small businesses. Such businesses do…More
United States: IRS Issues New Guidance On Cryptocurrencies For The First Time In Four Years
On October 9, 2019, IRS released Revenue Ruling 2019-24, 2019-44 IRB 1,1 which provides new…More
Big Coin Case Is Big Problem For Cryptocurrency
We are in the middle of a cryptocurrency revolution. With over 7,000 digital currencies established…More
IRS Clarifies Tax Treatment of Cryptocurrencies: What You Need to Know
The IRS issued rules around taxes that will simplify things for many cryptocurrency investors, although…More
IRS goes after cryptocurrency owners for unpaid taxes
The IRS is sending out 10,000 form letters to Americans who had cryptocurrency trades and…More
IRS is tracking down cryptocurrency owners, warning of back taxes
The Internal Revenue Service is warning more than 10,000 holders of cryptocurrency that they may…More
The Taxman Is Contacting People About Their Cryptocurrency Transactions
If you receive a letter from the IRS about your crypto trades, contact a tax…More