Official IRS treatment of cryptocurrency assets has changed dramatically over the years. The agency first cracked down in 2019. This intensified in 2020, with new
Every taxpayer faces some element of risk when filing returns, but that risk is decidedly elevated for certain types of people. Traditionally, business owners and
The IRS is beginning to crack down on cryptocurrency users. There’s no need to panic just yet, but it would also be unwise to turn
Many cryptocurrency enthusiasts remain entirely unaware of their tax obligation on virtual currency transactions — but that’s about to change. In recent years, the IRS
A reckoning is coming for cryptocurrency enthusiasts, who, in the past, enjoyed broad discretion as they completed (or failed to complete) their tax returns. While
Crypto enthusiasts are on alert — once-reliable exchanges can no longer be counted on to keep users’ information safe. To be fair, this is not
New technologies deliver an array of exciting opportunities, but they can also come accompanied by significant challenges — including, more often than not, tax issues.
Death and taxes may technically be the only constants in life, but even taxes can see numerous changes in a short period of time. Such
Change is afoot in the crypto world. While virtual currencies have long been regarded as taxable, their use was not heavily monitored by the IRS
If you think your information is safe when you hand it over to crypto exchanges, think again; top exchange provider Coinbase was recently forced to
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