AICPA to IRS: We Need Guidance on Virtual Currencies

by MICPA | Jul 03, 2018   ()
Today, approximately 66.5 million unique households own cryptocurrencies such as Bitcoin. And the virtual currency adoption rate is only expected to rise, emulating that of the internet. This has perked the IRS’s ears, and the agency is doubling down on the requirement for taxpayers to report their virtual currency transactions. But what’s missing is guidance on how to do so, according to this AICPA Insights post.

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Source: AICPA
Source: AICPA

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