IRS

Her Majesty the Queen Rules Out Crypto as Currency

Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s…

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New IRS Tax Guidance Targets Crypto, and US Persons Who Use It

On Oct. 9, 2019, the United States Internal Revenue Service issued Revenue Ruling 2019-24 and a series of frequently asked…

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How to Report Crypto Assets Accurately

The United States Internal Revenue Service (IRS) is continuing to focus its efforts in cryptocurrency. After sending a recent enforcement…

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Hire Professionals or Do it Yourself?

Do it yourself or outsource it? Rightly or wrongly, most people seem to fear the IRS, and an IRS audit…

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US IRS Makes Change to Standard Questions in Regards to Cryptocurrencies

The United States Internal Revenue Service (IRS) has added a question on crypto ownership to the standard 1040 income tax…

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The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form

The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include…

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The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

The U.S. Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency…

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Only Reporting Part of Your Crypto Addresses? The IRS Needs to Know

Just a few months ago in July 2019, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to…

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H&R Block Offers Solutions for Taxpayers With Crypto Transactions

U.S.-based accounting firm H&R Block has begun serving as an intermediary between crypto users and the Internal Revenue Service (IRS)…

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Are Tax Moves to Puerto Rico Worth It for Crypto Holders?

Some in the crypto community have embraced Puerto Rico, which seems to have done a good job of promoting itself.…

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