Guiding You Through The Legal Process
Imagine you're in a maze, but instead of walls, you're surrounded by numbers, forms, and some very confusing tax laws. Welcome to the world of cryptocurrency taxation! As you zigzag through this financial labyrinth, remember that the IRS is watching, and they've got a...
Yes. Any digital asset transactions that occurred must be reported whether or not they resulted in a taxable gain or loss. As the popularity of cryptocurrencies such as Bitcoin, Ethereum, and others continues to grow, understanding the tax implications associated with...
If you trade in cryptocurrency, you already know that 2022 was a bad year for the market, with many top cryptos worth a fraction of what they were a year ago. But that does not mean you will automatically be safe from IRS scrutiny. When you suffer a net capital gains...
Digital currencies continue to rise in popularity and many individuals might feel inclined to invest in similar opportunities. While cryptocurrencies may differ from other types of currency in various ways, many of the same rules may apply when pertaining to filing...
In Georgia and across the United States, taxpayers may want to pay attention to two new Internal Revenue Service (IRS) tax guidelines. Watch for a new checkbox located on Form 1040. This checkbox will inquire whether the taxpayer received, sold, sent, exchanged or...
In Georgia and across the U.S., the Internal Revenue Service is currently mailing official letters to thousands of people who invest in cryptocurrencies. The letters issue official warnings for taxpayers with complex tax issues. The IRS plans to mail letters to...
Georgia residents who are involved in the cryptocurrency market may find their tax filings more complex as the IRS has made efforts to tax crypto income. In Novemeber 2017, the IRS was victorious in a case against Coinbase, a cryptocurrency exchange. As a result of...
Georgians who have invested in bitcoin should be aware that they must report any income that they made from selling or trading cryptocurrency on their income tax returns. Some people have the mistaken idea that digital currency is beyond the reach of the Internal...
Georgia residents may have heard about the crypto-currency called Bitcoin. Even if they haven't heard of it, the IRS certainly has, and the organization has won a court order to get the identities of those who own 14,355 accounts at Coinbase. Those accounts have...