IRS Issues New Guidance on Cryptocurrency
The Internal Revenue Service (IRS) has just published its first guidance since 2014 on the taxation of cryptocurrency. Revenue Ruling 2019-24 deals primarily with the tax treatment of forks and airdrops. The IRS also released a list of…
IRS Issues Letters to Cryptocurrency Holders
The Internal Revenue Service has started sending letters to cryptocurrency holders this week. Chuck Rettig, IRS Commissioner says “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes,…
