What should a crypto investor know about cryptocurrencies?

Crypto investors should always keep a watch on the changing regulatory landscape and outlook for both specific cryptoassets (such as in the Ripple case), and the attitude toward the sector at large.

Does the IRS have a priority on crypto tax assessment & collection?

The IRS has made no secret of the priority that the Service has placed on crypto tax assessment and collection since Bitcoin BTC 0.0% first made many mainstream investors aware of the sector.

Why did the IRS file a legal action against crypto exchanges?

Going back to the early days of mass-market crypto, the IRS filed legal action against U.S. based exchanges and U.S. branches of international exchanges, seeking more information on certain traders and customers from firms including Coinbase and Kraken.

How are crypto transactions taxed?

Under current tax laws, guidance, and interpretations every crypto transaction – including mining, staking, and trades – are taxed either as ordinary income or capital gains depending on the holding period involved. For every tax or financial problem, however, there is almost always a related tax-based solution.