The Simple Dollar
The IRS is now increasing its efforts to catch crypto tax evaders, making it more important than ever for investors to follow proper tax protocol. However, the current tax code is very complex, leaving many failing to file their cryptocurrency taxes altogether.
This guide breaks down the process of crypto taxation to help investors file their taxes accurately the first time around. They not only discuss the ways in which cryptocurrencies are actually taxed, but also provide helpful tips for tracking and monitoring crypto transactions for federal tax purposes.
If you or one of your clients is investing or dealing with crypto currency on any level - it's important to understand this complex financial system. Learn more here on The Simple Dollar.