Current Federal Tax Developments for the week of October 7, 2019: Virtual Currency and Taxes

  • IRS expands IP PIN program to 10 more states

  • Question on virtual currency transactions will be on Schedule 1, Form 1040 and 1040SR, along with release of more draft instructions

  • Hard forks of virtual currencies are taxable events per IRS and the rule appears to apply retroactively

  • Additional set of FAQs added for taxation of virtual currencies to IRS website

Copyright 2019 Kaplan, Inc.

Direct download: 2019-10-14_Virtual_Currency_and_Taxes.mp3
Category:general -- posted at: 9:28pm EST

1



-->

Syndication

Categories

Archives

October 2019
S M T W T F S
     
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31