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IRS Tells Cryptoinvestors: Find Your Data, a Calculator, and Good Lawyer

August 14, 2019 By Chris Kentouris Leave a Comment

If you are a cryptocurrency investor, you can forget about enjoying your summer vacation, thanks to the US Internal Revenue Service. By the end of August, you could be one of the 10,000 investors to have received a letter from the US tax agency that you owe taxes on your cryptocurrency investments. You will need […]

Filed Under: Compliance, Investors, Tax, Trading Tagged With: bitcoin, Compliance, Tax

Cryptocurrency: Next Frontier for Cost-Basis Reporting

April 27, 2018 By Chris Kentouris 2 Comments

US personal tax day, April 17, was either the beginning of a lot of heartache or overdue operational relief for investors in cryptocurrency. Investors who haven’t paid the right amount of taxes for profits earned during the cryptocurrency boom could face fines and audits from the Internal Revenue Service. Alternatively, they could also benefit from […]

Filed Under: Compliance, Investors, Slider, Tax, Trading Tagged With: bitcoin, Brokerage Ops, Compliance, Corporate Actions, Investment Ops, Tax

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