Crypto Advisor and Income Tax Network

Crypto Advisor and Income Tax Network

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Experts in the field of Cyryptocurrency Investing, Taxation, Laws, and Tax Preparation.

Virtual currency: IRS issues additional guidance on tax treatment and reminds taxpayers of reporting obligations | Internal Revenue Service 10/11/2020

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Virtual currency: IRS issues additional guidance on tax treatment and reminds taxpayers of reporting obligations | Internal Revenue Service IR-2019-167, October 9, 2019 — As part of a wider effort to assist taxpayers and to enforce the tax laws in a rapidly changing area, the Internal Revenue Service today issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency.

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