Former IRS Official Reveals Crypto Tax Secrets!🤫
TaxBit official tells how the IRS is viewing different crypto items such as airdrops and more.
Hi Everyone,
We know Congress has not passed crypto legislation and there is still a lot of ambiguity in the market. This is true for the SEC, CFTC, and the IRS. Treasury provided crypto tax reporting in 2023 and they are set to go into affect in 2025.
Miles Fuller, Director of Government Solutions at TaxBit and who worked at the IRS for 15 years, joins me to break down the IRS’ approach to crypto and more.
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Topics:
Miles 15 years at the IRS
TaxBit's crypto tax solutions
How the IRS views crypto airdrops
Converting crypto profits to stablecoins
Crypto tax reporting requirements, proposed by Treasury
Bitcoin Spot ETF
Digital Identify, CBDCs, and Tax Reporting
Will IRS use AI and Blockchain?
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-Tony💡
Thanks for sharing this informative update on cryptocurrency regulations! Excited to hear more insights from Miles Fuller on how to navigate these regulations effectively.
IRS has to be loving the Bitcoin ETF! Good insights from Miles.