Cryptocurrency is taking a more significant societal role, from individual income taxes, retirement/estate planning, transactions, and even salaries to professional athletes.
Those engaged in the crypto market will want to know how to comply with tax law currently in place and how to navigate the tax rule changes addressing crypto that are expected to come.
While crypto enthusiasts have good arguments supporting its viability, those conducting business using crypto may not be aware of the tax reporting and compliance obligations that accompany its use. In addition to the reliable, long-term store of value crypto shares with stock, crypto investors favor the mathematical algorithms that cap the cryptocurrency and prevent governments from weakening its value through inflation.
However, those invested in crypto, and those engaged in buying and selling it, will likely have to deal with new reporting/disclosure obligations as the market continues to develop. This article (the first in a...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...