IRS, U.S. Treasury Continue to Clamp Down on Cryptocurrency Reporting by Jonathan Menna, CPA
Posted on December 12, 2023 by Jonathan Menna
It has been nearly 10 years since the IRS first announced in Notice 2014-21, 2014-16 I.R.B 938 it would treat cryptocurrency as a capital asset for federal tax purposes, subject to the same general tax principles as other forms of property, including stocks and bonds. Two recent developments are significant in helping the agency crackdown […]