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Tag: Virtual currency for payments

Sellers: Be Ready for New IRS Tax Question on Virtual Payments

January 29, 2023January 30, 2023 Ina Steiner
Tax

The IRS has tweaked a question that all taxpayers must answer on their tax return in April for tax year 2022, and it’s especially important for online sellers (and collectors) to be prepared so they don’t get into trouble down Read more

News, Tax and Legal IssuesCryptocurrency, IRS, NFTs, Taxes, Virtual currency for payments4 Comments

Accept Virtual Currency for Payments? The IRS Wants to Know

March 29, 2022 Ina Steiner
Tax

Did you know that taxpayers who accepted virtual currency for payments in 2021 for goods or services must answer yes to a question at the top of IRS Form 1040 that reads: “At any time during 2021, did you receive, Read more

News, Tax and Legal IssuesCryptocurrency, IRS, Virtual currency for payments


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