crypto Archives

A New Source of Pain for Crypto-Investors: The (Unfortunate) Taxation of Hardforks and Airdrops

October 31, 2019 By Jason Ackerman

The IRS has released rules detailing the taxation of hardforks and airdrops of cryptocurrencies, and they aren’t pretty. If you’ve used or invested in cryptocurrency, these changes could have significant tax consequences.

The IRS’s Crypto Letter Frenzy – Have you received one?

July 31, 2019 By Jason Ackerman

In 2018, the IRS announced a Virtual Currency Compliance campaign to start reining in non-compliance related to virtual currency transactions. By the end of August, over 10,000 taxpayers will have received a crypto letter. Have you received one?