Giulia
Fri Sep 06 2024
|
6 answers
1246
Does IRS check crypto?
Excuse me, I'm curious about something related to cryptocurrency and taxes. I've been hearing that the IRS, or the Internal Revenue Service, is taking a closer look at people's cryptocurrency holdings and transactions. Is that true? Do they really check on crypto, and if so, what exactly are they looking for? I'm just trying to make sure I'm staying on the right side of the law and paying my taxes properly. Thanks for any information you can provide.
TaekwondoPower
Fri Sep 06 2024
|
6 answers
725
Does the IRS know if you sell crypto?
I'm curious, does the IRS have any way of knowing if someone sells cryptocurrency? I've heard rumors that they're cracking down on unreported crypto transactions, but I'm not entirely sure how they would track such activities. Could you elaborate on the IRS's stance on crypto sales and how they might be monitoring these transactions?
MysticEchoFirefly
Thu Sep 05 2024
|
6 answers
1338
Does Kraken send info to IRS?
I'm curious to know if Kraken, a popular cryptocurrency exchange platform, shares any information with the IRS, the tax-collecting agency in the United States. As a user of the platform, I'm concerned about my privacy and tax obligations. Does Kraken comply with any tax reporting requirements that would necessitate sending my transaction data or personal information to the IRS? I'd appreciate any clarification on this matter.
charlotte_clark_doctor
Thu Sep 05 2024
|
6 answers
1625
Do crypto wallets report to the IRS?
Are crypto wallets required to report transactions to the IRS? If so, how does this process work? Do all types of crypto wallets have to comply with IRS regulations? Are there any exceptions or exemptions for certain types of transactions or users? And what are the potential consequences for failing to report crypto transactions to the IRS?
WhisperInfinity
Thu Sep 05 2024
|
0 answers
0
How much cash can you withdraw without reporting to the IRS?
Could you please elaborate on the legal limit for cash withdrawals without needing to report it to the IRS? Are there any specific thresholds or amounts that individuals should be aware of to ensure compliance with tax regulations? Additionally, what are the potential consequences for failing to report large cash withdrawals to the IRS?
