The next big headache for investors? Taxes on your cryptocurrency
Many investors holding cryptocurrencies have seen massive gains, some becoming overnight millionaires. But now comes the less fun part: paying taxes.
Many investors holding cryptocurrencies have seen massive gains, some becoming overnight millionaires. But now comes the less fun part: paying taxes.
There is a sticky element that needs to be defined in clearer terms, or paying taxes with cryptocurrency could result in having to pay even more taxes.
It’s been nearly a year since Coinbase embarked on a legal journey to stop the U.S. IRS from getting its hands on customer transaction records
The Internal Revenue Service has been using bitcoin tracking software since as far back as 2015, according to information obtained today.