Tag: IRS Compliance

Navigating the world of cryptocurrency taxation can be a complex journey. With the increasing adoption of digital currencies, tax authorities worldwide are keeping a closer watch on crypto transactions. Understanding the intricacies of crypto taxes is crucial for investors and traders to remain compliant and avoid potential penalties. Crypto Taxation Basics Cryptocurrencies are typically treated as property for taxation purposes. This means that just like any other asset, selling or trading crypto can trigger a capital gains tax. It's important to record the fair market value of your crypto in your...