Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.
Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.
Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant.
Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations.
Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.