Category: Cryptocurrency

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com IRS Confirms Crypto Donations Above $5000 Require Formal Appraisal Charitable organizations that receive digital asset donations greater than $5,000 now require a formal...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com This bill was introduced in Congress with bipartisan support on Thursday, January 9th, 2020. The law is meant to create an exception for...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com Virtual currency is a top priority for the IRS.  If you are non-compliant, you must take timely action (NOW!). The IRS is willing...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com New Tax Form According Bitcoin.com, the IRS published a brand new Schedule 1 form.  It is part of the 1040 tax form for...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com Important Clarification On Cryptocurrency Reporting Rules According Cointracker, during the AICPA National Tax Conference in Washington, DC, IRS and FinCEN officials provided more...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com Is virtual currency (crypto) reportable in respect of FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)? The value of fiat...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com Crypto Compliance With IRS: Quick Tips By now, the word is out: you have to declare your trades in cryptocurrency with the IRS...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com A lawyer who represents himself in court, so the saying goes, has a fool for a client.  Does the same go for taxpayers...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com More On Crypto From The IRS The IRS is not done with crypto yet.  It has now followed up its recent enforcement letter...

Get a complimentary tax return review today. Email us at support@fascpaconsultants.com New IRS Income-Reporting Rules for Crypto Investors After a long time of uncertainty, new guidance from the IRS finally provides cryptocurrency holders with...