Still, some experts like Seattle-based attorney Elizabeth Crouse suspect that many bitcoin enthusiasts, given who they are and how they feel about taxes, might just take their chances that the IRS is less serious about scrutinizing this than they say they are.
Date: Apr 14, 2018
Category: Business
Source: Google
Bitcoin can create some sticky tax situations—here's what experts say investors should do
Regardless, "if you received coins in an airdrop last year, particularly if you claimed them, you need to report something on your tax return," said Elizabeth Crouse, a Seattle-based partner at law firm K&L Gates who contributed to the bar association's letter.
Date: Apr 13, 2018
Category: Business
Source: Google
Hardly anyone is paying taxes on their bitcoin gains as filing deadline nears
"If I had to guess, there's probably a lot of underreporting," said Elizabeth Crouse, a Seattle-based partner at law firm K&L Gates. "Most of the people in the cryptocurrency world tend to have a pretty high risk tolerance."