Tag Archives: crypto IRS

Are Crypto Investors at a Higher Risk of Being Audited By the IRS?

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 freelancers have suffered the most audits. More recently, however, this unfortunate group has expanded to include crypto investors, who once successfully flew past the IRS’s radar. Keep reading to get […]

Dealing With a Crypto IRS Issue? Why You Want an Enrolled Agent Who Understands the Technology

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 a blind eye to today’s increasingly urgent crypto taxation concerns. Whether you’re currently dealing with IRS drama or are simply looking to take a proactive approach to your tax situation, […]

How Does the IRS Access Your Crypto Trading History?

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 has technically always counted as taxable property or income, the IRS has only recently ramped up its efforts to hold traders accountable. The latest initiatives involve the pursuit of […]