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Updated almost 6 years ago on . Most recent reply presented by

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Tax, SDIRAs & Cost Segregation

Crypto warriors - beware!

Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Posted

The IRS is catching up. Quote from the official announcement below: "Virtual currency is an ongoing focus area for IRS Criminal Investigation."

https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-currency-owners-advising-them-to-pay-back-taxes-file-amended-returns-part-of-agencys-larger-efforts

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    Michael Plaks
    #1 Tax, SDIRAs & Cost Segregation Contributor
    • Tax Accountant / Enrolled Agent
    • Houston, TX
    Replied
    Originally posted by @Brian Van Pelt:

    Not sure why anyone who properly files their income taxes would have a problem or issue with this.

    Lemme guess. Maybe the word "properly" has something to do with it? ;)

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