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FinTech Rising

FinTech Rising

Reports at the intersection of money, banking, securities, and payments with digital technologies

taxes

IRS Takes Aggressive Posture on Crypto Taxes

June 12, 2021 by FinTechRising

For nearly a decade now, Bitcoin and other digital assets have flown somewhat under the radar when it comes to tax law.  While the IRS officially registers them as property, with profits on their sale falling under capital gains taxes, the very nature of how exchanges are set up has historically made profits in this space very difficult for the IRS to track. Enforcement … [Read more...] about IRS Takes Aggressive Posture on Crypto Taxes

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