The Internal Revenue Service (IRS) has intimated the taxpayers regarding the inclusion of income generated from cryptocurrencies in the annual taxation forms. The IRS has detailed that the profit or loss incurred via crypto assets would attract capital gain tax. The wages paid to employees in the crypto market are taxable and crypto payments to the service providers are to be detailed in Form 1099.
IRS Intimates Taxpayers to Disclose Crypto IncomeIncryptsMar 24, 20180
Feb 18, 2020
Feb 13, 2020