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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The anonymous and decentralized nature of blockchains have led many to believe their crypto trades are hidden from the government. As many IRS audits and prosecutions have shown, this is not the case. You should consult your tax preparer about any state capital gains tax liabilities in your state.

Tax 98
article thumbnail

What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The anonymous and decentralized nature of blockchains have led many to believe their crypto trades are hidden from the government. As many IRS audits and prosecutions have shown, this is not the case. You should consult your tax preparer about any state capital gains tax liabilities in your state.

Tax 52