There is a misconception that cryptocurrencies are not being regulated in the United States. In actuality, the Internal Revenue Service (IRS) first issued guidance on virtual currencies way back in 2014. The IRS is currently working on updating their tax forms…
As the end of the 2019 tax season nears, accountants, tax professionals and others directly dealing with cryptocurrencies, need to be aware of the developments in the cryptocurrency tax regulations.
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