On behalf of Lawrence Brown The data was submitted to comply with a court-ordered summons. We recently posted an article about how the IRS views the taxability of transactions using bitcoin and other cryptocurrencies. In that article, we described the IRS position that gain resulting from transactions in cryptocurrencies that […]
Category: Important Trends at IRS
On behalf of Lawrence Brown Taxpayers should sit up and take notice that their digital currency transactions may be subject to taxation. On March 23, just before Tax Day 2018, the IRS issued a news release reminding U.S. taxpayers that the agency expects them to properly report cryptocurrency transactions. According […]