bitcoin value: Bitcoin Letter From the IRS? What to Do Next!
- 08/15/19 08:02 AM
I recently published the article “IRS Bitcoin Letter? How to Report Bitcoin to the IRS” and want to share some helpful tips on how to address Bitcoin letters from the IRS. To provide a quick background, the IRS began sending out letters to approximately 10,000 taxpayers last month requesting that they review the reporting of their Bitcoin and other cryptocurrency transactions on their tax returns. The number of letters to be issued is expected to grow as the IRS ramps up their enforcement efforts in this area. Below are some steps for how to address IRS Bitcoin letters. Step #1: … (0 comments)
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Lauren Massie, CPA, EA, MBA
CPA - Specializing in Tax Settlement in Raleigh NC
I recently published the article “IRS Bitcoin Letter? How to Report Bitcoin to the IRS” and want to share some helpful tips on how to address Bitcoin letters from the IRS. To provide a quick background, the IRS began sending out letters to approximately 10,000 taxpayers last month requesting that they review the reporting of their Bitcoin and other cryptocurrency transactions on their tax returns. The number of letters to be issued is expected to grow as the IRS ramps up their enforcement efforts in this area. Below are some steps for how to address IRS Bitcoin letters.
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