Sentences with phrase «disclosing cryptocurrency assets»
And, if you're disclosing cryptocurrency assets to the IRS, things can get complicated quickly.
https://cryptotaxprep.com/
Just recently news.Bitcoin.com reported on the California representative Diane Feinstein drafting a bill requiring U.S. citizens to disclose their cryptocurrency assets.
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A bitcoin - friendly U.S. lawmaker is hoping to get members of Congress to disclose their holdings of cryptocurrency assets.
The prosecutor proposed that Tsarkov's crypto assets be seized as a debt payment and requested that Tsarkov disclose his cryptocurrency holdings.
A bitcoin - friendly U.S. lawmaker is hoping to get members of Congress to disclose their holdings of cryptocurrency assets.
This has led to major under - reporting of virtual currency assets to the IRS, and the agency is starting to come after cryptocurrency investors who have not properly disclosed their assets.
Tsarkov reportedly voluntarily disclosed having a crypto wallet with Blockchain.info, but opposed the seizure of his cryptocurrencies, citing that «Russian legislation does not consider cryptocurrency assets as property, [so] it is impossible to foreclose on them,» Interfax noted.