The IRS is working on a new tax form to capture your crypto activity

The IRS seeks to be more efficient in collecting taxes from cryptocurrency trading getty What happened The Infrastructure Act passed by the US Congress in 2021 brought cryptocurrency exchanges under the controversial definition of “broker” and subjected them to the IRS information reporting regime. As a result, starting January 1, cryptocurrency exchanges will be required … Read more

Crypto Investors: How To Find Out If You Owe Taxes On Your Cryptocurrency | personal finance

(Charlene Rhinehart, CPA) Tax law can easily make your head spin. When you add cryptocurrencies to the mix, it can get even more confusing. But it is important to know how taxes work for cryptocurrencies to avoid problems with the IRS. We’ve put together a few things to consider to help you determine if you … Read more