by Aleksei Koutin on 14 Oct, 2019 - 0 comments

On October 9 the IRS released long-awaited guidance for taxpayers who engage in transactions involving virtual currency. This is the first official guidance coming from the IRS on this topic in over five years. Two documents, Revenue Ruling 2019-24 and a set of 43 FAQs, address a range of issues, including forks, off-chain transactions, revenue […]

by Aleksei Koutin on 11 Oct, 2019 - 0 comments

On Oct. 11, a draft of the “Additional Income and Adjustments to Income” section of the new 1040 form surfaced that included a change was made to the ‘Additional Income and Adjustments to Income’ section. On the new 1040 form, the additional question reads: “At any time during 2019, did you receive, sell, send, exchange, […]