RE: IRS Put A 10 Man Team Together To Track Down Crypto Tax Invasion!

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IRS Put A 10 Man Team Together To Track Down Crypto Tax Invasion!

in cryptocurrency •  7 years ago 

I have not begun posting, but Steemit has a great tax writer - CryptoTax. If you begin reviewing his posts, I believe you will find he teaches the taxation of cryptocurrency in an easy to understand way.

Steemit writer Lpfaust is also excellent on the taxation of crypto.

I have only been on Steemit since about Dec. 14, 2017, and I have read a lot of argy bargy tax pieces by other "tax" writers. CryptoTax and LPFaust will set you straight. (If only they could also set us free Steemit brothers and sisters!)

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Getting a bit technical here maybe, How does this effect people in other countries? Are we heading to a global tax revenue service?

If a person in another country had a tax obligation to the United States, then this new investigation team might uncover that in their work.

We are not heading to a global tax revenue service, but I believe we are seeing more cooperation among countries in sharing tax information, and forming tax treaties.