Skip to Content

The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

In a recent CoinDesk article, Carlton Fields blockchain and cryptocurrency attorney Andrew “Drew” Hinkes provided commentary about new Internal Revenue Service (IRS) guidance for calculating taxes owed on cryptocurrency holdings. The IRS had not released cryptocurrency-related tax guidance in five years. “From the tax collector’s standpoint, this is the right answer,” Hinkes said of the new guidance.

READ: CoinDesk, “The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.