They’re back. The U.S. Internal Revenue Service (IRS) has recently released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency. The new guidance includes Revenue Ruling 2019–24 and frequently asked questions (FAQs), including guidance for using the specific identification method. Additionally, the IRS has published…

If you are a recipient of the recent IRS tax letters 6173, 6174, or 6174-A regarding your crypto holdings, understanding your filing obligations is crucial. In order to help you understand those obligations and follow proper procedures to ensure the health of your assets, we’ve provided a guide below. What…

It’s been said that nothing in this world is certain except death and taxes. If you’re reading this, thankfully you’re among us in the land of the living. Unfortunately, that means still having to pay taxes… on everything, including your cryptocurrency holdings. …