Tax Day for Individuals Extended to May 17
For the second year in a row, you have additional time to file your federal taxes.
The Treasury Department and Internal Revenue Service announced on March 17, 2021 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Refer to IR-2021-59
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Crypto Taxes: Tax Reporting Requirements
Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.
In general, the sale or exchange of convertible virtual currency, or the use of convertible virtual currency to pay for goods or services in a real-world economy transaction, has tax consequences
The Basics of Crypto Taxes: What is Virtual Currency?
Virtual currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency.
In particular, virtual currency does not have legal tender status in any jurisdiction. Virtual currency serves as a digital representation of value that is generally tracked
