“At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? The IRS is now asking all taxpayers to disclose whether or not they had any interest in “virtual currency”…
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…
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,…