tax compliance

Crypto Tax Nightmare: Are Your 1099s Lying to the IRS?

Crypto Tax Nightmare: Are Your 1099s Lying to the IRS?

The cryptocurrency world is a very thrilling and lucrative new environment for investors. When tax season comes, many of them face a complicated and confusing, not to mention expensive, labyrinth. Tax Reporting Accuracy One of the #1 concerns is how accurate these 1099-DA forms will be that you receive from...

DeFi Tax Report Exposes Critical Flaws in Crypto Tax Reporting Systems

DeFi Tax Report Exposes Critical Flaws in Crypto Tax Reporting Systems

DeFi Tax urges regulators, policymakers, and journalists to closely examine the crypto tax software ecosystem. This all happens as the IRS prepares to start enforcing new 1099-DA rules. The 1099-DA form is about to be rolled out but involves the use of billions of taxpayer dollars. Yet worries are flying...

Crypto Tax Mess: 3 Reasons Why Your 1099-DA Will Be Wrong

Crypto Tax Mess: 3 Reasons Why Your 1099-DA Will Be Wrong

The IRS is getting ready to roll out a big crypto tax bombshell. The aftermath is going to get ugly. Put aside dreams of going to the moon. Prepare for an anniversary audit. 1099-DA regulations The new regulations, which will require crypto exchanges to report your digital asset transactions, sound...

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