Bittax Crypto Tax Blog

All you need to know about crypto tax

They’re back. The U.S. Internal Revenue Service (IRS) has recently released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency.

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THE IRS 2019 notice contained 43 questions and answers that cover the entirety of crypto taxation issues.

Because it is a lot for anyone to wade through, we have broken down a few of the new main issues for you. Check them out.

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The final installment of our 3 part crypto tax journey focuses on property, payments and services, and gifts – including charity – made in cryptocurrencies.

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The United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports.

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The United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. If you got 6173 letter, here is what you should do:

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Taxes can be confusing. If you’ve received a letter from the
IRS concerning your crypto holdings, read on to understand more about the
letters and what they mean for you.

Bitcoin Users Beware: The Crypto Tax Crackdown Has Arrived 
zerohedge.com

Arm yourself with the knowledge to make informed decisions with your crypto holdings. Understand your responsibilities and the steps you need to take if you’ve received an IRS letter about your crypto.

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