IRS issues temporary relief on crypto cost-basis method changes
The IRS’ new rules could have been “disastrous” for crypto taxpayers during the bull market, a crypto tax executive said. Go to Source
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IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over a six-year period. But after seeing the … Read more
