Far-reaching fallout has come as a result of the massive implosion of FTX, a crypto giant. The now-bankrupt platform was endorsed by numerous celebrities who have now found themselves in the middle of controversy. Internal Revenue Service tax attorneys acknowledged...
It would not be uncommon to hear tax attorneys in San Jose discussing the fact that 2022 will be the first year many taxpayers find themselves obligated to report transactions completed with cybercurrency to the Internal Revenue Service. The filing deadline of April...
Any tax attorney would likely agree that virtual currency, such as bitcoin, litecoin, and ethereum, is an ongoing subject of interest for the Internal Revenue Service. Furthermore, many filers may have noticed a new question on their tax return last year referring to...
