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Cryptocurrency: Next Frontier for Cost-Basis Reporting

April 17 could be either the beginning of a lot of heartache or overdue operational relief for investors in cryptocurrency. Investors who haven't paid the right amount of taxes for profits earned during the cryptocurrency boom could face fines and audits from the Internal Revenue Service. Alternatively, they ...

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IRS Says Fewer Than 100 People Have Reported Bitcoin Holdings So Far

One of the biggest questions this tax season has been the impact that last year's cryptocurrency boom would have on filers across the U.S. In 2017, cryptocurrencies became among the very trendiest investment (or speculation, depending upon your perspective) opportunities. Now, after months of ... from Google Alert - cryptocurrency https://ift.tt/2IXCVZP via IFTTT https://ift.tt/eA8V8J

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