• IRS seeking crypto expertise
    Regulation

    Crypto tax firm: IRS seeking audit expertise

    CryptoTrader.Tax received an email inviting it to bid for work helping the taxman ‘calculate gains or losses,’ but flatly rejected the offer

    A platform that helps cryptocurrency traders fill out their tax returns revealed it was invited by the Internal Revenue Service to perform audits… but turned the agency down.

  • Crypto holders ‘alarmingly unaware’ of taxes
    Cryptocurrencies,  Regulation

    Accountants call crypto holders ‘alarmingly unaware’ of taxes

    A new report on the state of crypto taxation makes for grim reading—and concludes accountants fear many investors likely owe back taxes

    The scale of confusion and uncertainty surrounding crypto taxation is so great that half of the American accountants surveyed revealed that they believe most of their clients who own digital assets are likely to be audited.