The 6045 digital asset broker regulations are likely to greatly increase the cost of filing your crypto taxes, says Kirk David Phillips, CPA.
New 1099-DA Reporting Creates More Headaches for Taxpayers
You might think that new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.
Crypto Taxes: Still Confused After All These Years
Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.
Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency
If Libra achieves even modest adoption, the payoff for Facebook and its partners could be in the billions.
What If You Can’t Pay Your Crypto Taxes on April 17?
Crypto holders willing to take a risk can file an extension, pay their taxes in installments with penalties and interest, and possibly come out ahead.