Cryptocurrency windfall?
Do you engage in Cryptocurrency? Have you made a huge return on the meteoric rise of Dogecoin? If so, did you know that you need to report your earnings to the IRS as capital gains?
As of today, there are over 50 million traders within the cryptocurrency space, but only a fraction of which have reported their activities on IRS tax returns. Not wanting to miss out on these lucrative returns, the IRS has spent a lot of time training new auditors to track down non-filers in this area. This could mean that in the not-so-distant future, it will be commonplace to have full audits just on your digital trading transactions.
Let’s get you ahead of the game and correct your tax reporting. Will save you from the penalties and headaches of filing — just don’t ask us about which currency is the next big thing :-)