Tax,
Administrative/Regulatory
Feb. 16, 2018
Transferring bitcoin and other cryptocurrencies tax-free
Taxes are an ever-present danger, and it is clear that the IRS is on the hunt. The IRS is pursing tax enforcement with summonses, tracking software and training its criminal IRS agents.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
After stratospheric gains, there have been some recent corrections in bitcoin and other crypto markets. Even so, you might have some big gains you'd like to realize. Of course, taxes are an ever-present danger, and it is clear that the IRS is on the hunt. The IRS is pursing tax enforcement with summonses, tracking software and training its criminal IRS agents.
So-called 1031 tax-free exchanges can no long...
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