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Robert W. Wood is a tax lawyer representing clients worldwide from offices at Wood LLP, in San Francisco (www.WoodLLP.com). He is the author of numerous tax books and writes frequently about taxes for Forbes.com, Tax Notes, and other publications.
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.
Downloading and exporting transactions in cybercoins or copying it all down can be of bright service when IRS makes it to the cryptoworld. What happens though i...
Using the example of Coinbase Robert Wood explained why cryptocurrency holders will not have any chance to stay in shadow.
Trades between two cryptocurrencies may or may not qualify as nontaxable “like kind” exchanges, but new bill would nix that possibility.
Cryptocurrency loans have their unique problems with taxes leading to some new challenges.
Tax attorney gives tips on how to deal with Bitcoin and the IRS.
Robert Wood, a tax lawyer, discusses how and when to pay tax on Bitcoin transactions.
Why IRS just wouldn’t let Bitcoin go and what you can do about it.
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