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Bill Sheridan Managin Director for Tax Solutions at IHS Markit

New Crypto Tax Guidance Finally Arrives

The IRS has been broadcasting for several months that cryptocurrency tax guidance was coming soon and even as late as the end of last week IRS officials at an American Bar Association meeting were saying “very soon.” The IRS has finally issued new FAQs and Rev. Rul. 2019-24 providing much-needed crypto tax guidance. For financial intermediaries, ...

15 October 2019 Blockchain Observations