Hey ,
The IRS is taking digital assets seriously! They've brought in two private-sector experts, Sulolit "Raj" Mukherjee and Seth Wilks, to bolster their cryptocurrency and digital asset initiatives.
This signals a significant shift in how the IRS approaches taxation and compliance in this rapidly evolving space.
Key points:
- IRS prioritizes understanding cryptocurrency and digital assets for effective taxation
- Focus on service, reporting, compliance, and enforcement programs
- Taxpayers: Expect changes and increased scrutiny in cryptocurrency transactions
Are you an individual or business owner
involved with crypto and digital assets? This is the time to stay ahead of the curve!
Follow my Instagram page and subscribe to my YouTube page to stay ahead of the curve as I regularly share new developments that affect your taxes, including crypto and digital assets.
WATCH: Cryptocurrency and Hot Topic Famed Sneaker Reseller James Whitner Laundering Scheme.
https://www.youtube.com/watch?v=rpUYoe4Ux_s
Contact me for any burning tax-related questions.
Thanks,
Your favorite accountant and tax professional,
Folasade,
(202) 618-1295
[email protected]