Tag: cryptocurrancy

28
May

Can We Discern Tax Opportunities From the Haze of the Crypto Horizon?

By: Randall P. Andreozzi, Esq. While we anxiously await Treasury Department guidance on cryptocurrency (See, TIGTA Report of September 24, 2020, “The Internal Revenue Service Can Improve Taxpayer Compliance for Virtual Currency Transactions”), events, good and bad, continue to arise that create tax planning and management opportunities for investors.  Take, for example, Bitcoin’s recent dive from its high of some

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11
Sep

Our View on Cryptocurrency Taxes & the IRS

By: Randall P. Andreozzi, Esq. Cryptocurrency investors be warned.  The IRS is coming for you.  Over the course of several years, the IRS has methodically ramped up its efforts to tackle the burgeoning cryptocurrency market.  As taxpayers enter this market, it’s important that they understand that virtual currency transactions are taxable events involving actual assets and that the IRS treats

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