Klasing Associates says a transparency report released by the crypto exchange in October should serve as a “major wake-up call” to those who haven’t reported their virtual currency holdings in recent years.
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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.
