🚨 Digital asset owners — take note. 🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get: ✅ Tax News & Regulations Updates ✅ New Court Cases Explained ✅ Upcoming Podcast Alerts ✅ IRS-ready Guides to Present or Share with Your Advisor
The IRS treats digital assets like property, not currency. That means any gains or losses from buying, selling, or exchanging digital assets must be reported on your federal tax return.
Recently, an individual pleaded guilty to criminal charges after failing to report $13.1 million in sales of digital artwork ("Punks"). Despite profiting millions, he falsely answered “no” when asked about digital asset income on his tax return.
Now he faces: ⚖️ Up to 6 years in prison 💸 Significant fines
If you own, buy, or sell digital assets, make sure you're following IRS reporting rules.
TaxProWorld
🚨 Digital asset owners — take note.
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
The IRS treats digital assets like property, not currency. That means any gains or losses from buying, selling, or exchanging digital assets must be reported on your federal tax return.
Recently, an individual pleaded guilty to criminal charges after failing to report $13.1 million in sales of digital artwork ("Punks"). Despite profiting millions, he falsely answered “no” when asked about digital asset income on his tax return.
Now he faces:
⚖️ Up to 6 years in prison
💸 Significant fines
If you own, buy, or sell digital assets, make sure you're following IRS reporting rules.
#CryptoTax #IRSCompliance #TaxEnforcement #DigitalAssets
5 months ago | [YT] | 0