Cryptocurrency and Tax Compliance: Navigating the New World of Digital Money

Cryptocurrencies and Tax Compliance

As mid-April approaches, U.S. taxpayers and their accountants are increasingly filling out forms to report their 2017 profits and other financial details. The internet has significantly changed the way people file their taxes by allowing them to do so electronically. Recently, something else has had a significant impact on tax returns: the cryptocurrency.

Indeed, digital currencies have tax compliance concerns related to …

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