Crypto Tax – A Big Deal to the IRS Tax professionals that have been on the fence on whether to take the plunge into crypto tax and learn how cryptocurrency works need to look no further than the first page of the new 1040 return! The IRS moved the Read more…
What is CryptoMining Binance, one of the world’s largest crypto exchanges defines cryptocurrency mining as “the process in which transactions between users are verified and added into the blockchain public ledger… Mining is also responsible for introducing new coins into the existing circulating supply and is one of the key Read more…
In response to several calls from congress for clarity around key crypto tax issues, the IRS released Revenue Ruling 2019-24 in October of 2019, which deals with two uniquely crypto events: airdrops and hard forks. Before we continue, if you’re behind in this series you can start from Part 1 Read more…
