As the blockchain & Crypto industry continues to grow, and our world continues to adapt and adjust to the major shakeups it causes to our financial landscape, we will continue to see changes to the ways in which crypto is regulated. Here at Ledgible by Verady, we intend to give you a leg up on everyone else with various articles, podcasts, news stories, and of course our industry leading crypto accounting software. What follows here is just one example of the valuable information we can provide you to get a head start on crypto regulation
The IRS knows there is massive underreporting on Crypto transactions for tax.
In this timely and informative article, Accounting Today reveals the new initiatives the Service is taking to enforce compliance and punish criminal evasion.
We're glad to be able to provide comments and information to help get this story out to the professionals working to help their clients report accurately and be in compliance.
Read more about it here!
https://www.accountingtoday.com/news/irs-sharpens-focus-on-crypto-transactions
For more information on the current landscape of crypto taxation head on over to our blog page or click here to give Ledgible Tax a free trial. Our blog features a wide array of articles and news stories related to what's new and important in the cryptocurrency industry as well as accounting, and often tying the two fields together. Ledgible Tax software will provide you with all the tools you need in order to do all of your neccesary crypto accounting.
