Robert W. Wood

The new law redefines "cash" to include "any digital representation of value" including cryptocurrency, but in an anonymous system, is this going to work?

More crypto tax enforcement is coming, and many taxpayers are complying going forward, and amending prior returns if they have something to clean up.

Most transfers of cryptocurrency are taxable, unless the transfer is qualified as a gift or a charitable contribution.

The U.S. authorities are becoming seriously interested in crypto, making unreported crypto more dangerous.

The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited.

Just remember, the IRS is quite interested in crypto and is taking steps to unearth those who do not report.

Since the time Ethereum was born, the crypto-tax landscape has dramatically changed, and that is where we are now.

Disclosure sounds like it exposes you to extra IRS audit risk, but if it’s done properly, disclosure can actually reduce your risk.

The Internal Revenue Service has already changed its deadlines to July 15, so if you are not ready to file your crypto taxes in a month, you should ask for an extension.

In response to the coronavirus pandemic, the IRS is updating some important guidelines and procedures to make them easier.

In response to the coronavirus pandemic, the IRS is taking some important measures but taxpayers could be under threat.

In response to the coronavirus pandemic, the Internal Revenue Service tries to help taxpayers to not lose this economic battle.

In response to the COVID-19 pandemic, the Internal Revenue Service has delayed tax payment deadlines by 90 days, and later the date for filing returns has also been changed.

The Internal Revenue Service classifies crypto as property and now wants to know whether or not you acquired any financial interest from cryptocurrency in the last year.

The rules and regulations surrounding cryptocurrency are complex, but accurate reporting is crucial to avoiding penalties.

The IRS is hunting crypto user identities. If you are audited, should you hire a professional or do it yourself?

Some in the crypto community have embraced Puerto Rico. Could it be the country for you?

“Willful” vs. “non-willful” tax flubs with crypto transactions have huge consequences with the IRS.

More than 10,000 taxpayers with crypto transactions will receive letters from the IRS by the end of August.

It might be possible to have your trust pay the lower corporate tax rate of 21% rather than your individual crypto tax rate.

How and why to pay taxes in crypto.

After a 10 year run, the OVDP will formally close on September 28, 2018, and some people are rushing to get in.

Say ‘Hello’ to crypto trusts.

How the IRS is going to tax your future income.

In fact, the biggest crypto tax debate still seems to be about 1031.

IRS marks cryptocurrency as property, it might prompt you to consider the concept of ownership.

You can give cryptocurrency as a gift and it doesn’t trigger income taxes. But the IRS is unlikely to be persuaded unless you document it.

Every time you transfer crypto into fiat, you might trigger gain or loss.

Although there is not yet an IRS amnesty for Bitcoin and other cryptocurrency taxpayers, there still is one for offshore accounts.

Cryptocurrencies as property, interest for crypto loans and more from our expert tax lawyer.