IRS Issues Additional Guidance On Virtual Currency—But What Does It Mean?

Published: 11/10/2019
IRS Issues Additional Guidance On Virtual Currency—But What Does It Mean?
Source: BTCGEEK.COM

This is a guest post from Andrea Pretorian For the first time since 2014, the IRS released two new pieces of guidance—Revenue Ruling 2019-24 and frequently asked questions (FAQs)—on October 9, 2019, indicating how taxpayers should proceed when it comes to reporting and paying taxes on virtual currency. Fundamentally decentralized, cryptocurrency has no single official body directly responsible [..

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