Updates on IRS Fair Market Value and Specific Identification
The IRS opened e-filing for US taxpayers on January 27, 2020, and you can now use a number of free and paid online services to fil…
IRS Issues New Cryptocurrency Tax FAQ
The IRS has issued their long-awaited guidance on the tax treatment for cryptocurrencies. You can read their FAQ On Virtual Curren…
Taxpayers Receiving IRS CP2000 Notice
The most recent IRS letter being sent out to cryptocurrency users, the CP2000 notice, is much more specific and informs the recipi…
IRS sending letters to more than 10,000 crypto users
The IRS has begun sending out educational letters to more than 10,000 cryptocurrency users reminding them that they need to be inc…
Cryptocurrency Taxation in Canada
In Canada, Bitcoin and cryptocurrencies are considered commodities by The Canada Revenue Agency (CRA). The CRA treats cryptocurren…