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6050I conundrum and the unique challenges of reporting digital assets
In Sec. 6050I Crypto Crackdown Part 1, we discussed the insanity of Form 8300 and the severe penalties for non-compliance. Here we'll continue with why it's so challenging to fit crypto into the narrow inflexibility...
How the new IRS 6050I law affects crypto
The IRS 6050I is the biggest regulatory gotcha in the history of crypto.
I’ve written numerous times about multiple impossible reporting requirements, such as the digital asset broker reporting proposed regulations, including The IRS Tripled Your...
UK makes crypto tax-free by calling it gambling
The UK wants to be a global blockchain hub but then stated crypto has no value and should be regulated like gambling which makes it tax free. That's insane. This stance is full of hypocrisy and contradictions.
The UK Treasury issued a report in May...
You get an impossible task with more work
This week I already did the heavy lifting via my Coindesk Opinion piece. I'll also give you some other stuff below so read that first then click on the article link. Please read here 1099-DA Reporting Creates More Headaches for Taxpayers
MONSTER...
