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Stock impact report

IRS Pushes Cryptocurrency Reporting, Yet Many Taxpayers Don’t Comply [Forbes]

H&R Block, Inc. (HRB) 
Last h&r block, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/h
Company Research Source: Forbes
a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? Selling cryptocurrency creates a taxable event, where the seller must report their gains or losses from the transaction and face tax consequences. Whether and to what extent taxpayers pay taxes on the sales of cryptocurrency has long been questioned. The IRS has revamped its cryptocurrency reporting requirements in recent years. However, it is less clear whether their requirements are enough to ensure taxpayers comply with the tax law. A recent academic study explores this question and finds evidence that there is, in fact, a large number of taxpayers not reporting their cryptocurrency transactions on their tax forms. Cryptocurrency Tax Reporting For the purposes of taxation, cryptocurrency is treated as a capital asset . This notion means that when a taxpayer purchases a cryptocurrency, that taxpayer has a basis in tha Show less Read more
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