Tag: crypto

  • Understanding IRS Crypto Audit Triggers

    Understanding IRS Crypto Audit Triggers

    With the explosive growth of cryptocurrencies like Bitcoin, Ethereum, and countless altcoins, the IRS has become increasingly focused on ensuring that digital asset transactions are accurately reported. In the beginning the common myth was that cryptocurrency transactions weren’t reportable because they weren’t fiat currency.   That changed on March 25, 2014, with the issuance of IRS…