Tag: Unreported Crypto

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2023 Complete DeFi Tax Guide
Complete DeFi Tax Guide 2024
The world of Decentralized Finance, or DeFi, has exploded recently, offering new and innovative fina [...]
Crypto Tax Software Problems
Top 5 Problems with Crypto Tax Software
Are you getting error messages in your cryptocurrency tax software? Do the numbers seem way off? Don [...]
How To Navigate Celsius & FTX Losses
How To Navigate Celsius & FTX Tax Losses
The recent bankruptcy of several cryptocurrency platforms, including Celsius and FTX, has raised que [...]
Are Cryptocurrencies Foreign Assets Subject to FATCA and FBAR?
People often ask: Do Bitcoin and other digital tokens qualify as foreign assets under U.S. law? Answ [...]
No Amnesty for Unregistered Securities
No SEC Amnesty for Unregistered Crypto Securities
SEC to Crypto Industry: No Amnesty for Violations The U.S. Securities Exchange Commission (SEC) rece [...]
Infrastructure Bill and Crypto Tax Enforcement
Infrastructure Bill & Crypto Tax Enforcement: What Investors Need to Know
The U.S. infrastructure bill would help crypto tax enforcement, requiring all brokers to report info [...]
IRS CP2501: How to Respond to the CP2501 Crypto Letter
Did you get a CP2501 letter from the IRS? The amount listed may not be correct. Discover what you sh [...]
Image of IRS Form 1040 and text that reads "The new 1040 crypto question."
1040 Crypto Question: What It Means and How to Answer
The IRS is now asking all US taxpayers about their crypto activity. The wrong answer could land you [...]
Voluntary Disclosure for Crypto - New IRS VDP Guidelines
IRS Adds Crypto to Voluntary Disclosure Program
Revised guidelines create a clear pathway for those with criminal concerns regarding unreported cryp [...]