IRS

Crypto Tax Questions? Text the IRS!

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IRS

IRS Taxpayer Digital Communications The IRS Office of Online Services launched a platform with various tools to improve public engagement. It now allows tax payers to directly text the IRS about their crypto tax questions. Wow! I never saw that coming. The IRS is aiming to digitally communicate with taxpayers and tax professionals more effectively … Read more

IRS vs Coinbase

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IRS v Coinbase

Back in 2017 the IRS sued Coinbase. Why? The IRS believed many people with cryptocurrency gains weren’t filing their tax returns. I think they were right. For the 2015 tax year, the IRS said only 802 tax returns were filed showing bitcoin gains. I’m sure there were many more that should have filed, but not … Read more