After years of flying under the radar, taxpayers who hold Bitcoin, Ethereum, Litecoin, and other cryptocurrencies are finally getting scrutinized by the IRS its time to come clean about taxes on cryptocurrency. The IRS has determined that cryptocurrency is here to stay and that the...

What Do I Do? I Didn’t Report My Crypto Trades On Prior Year's Tax Return? In 2014 the IRS determined that cryptocurrency was property for tax purposes. There are well-established rules for how to treat property in place. However, many people aren't disclosing their cryptocurrency transactions....

This article about Cryptocurrency Tax Loss Harvesting explains: what is tax loss harvesting how you can use this method to reduce your cryptocurrency tax liability One of the most effective ways to reduce your tax bill for the year is to engage in tax loss harvesting...

Cryptocurrency Can Save You Thousands in Taxes The term “cryptocurrency” is short for “cryptographic currency”. It refers to a new type of digital money. Crypto is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer...

Crypto Tax: IRS Catching Investors Who Don't Pay Taxes Those who invest in Cryptocurrency may not be aware that there is a tax on Crypto, just like everything else in the world. Cryptocurrency investors have mostly flown under the radar as far as taxes are concerned....