Are Cryptocurrencies Subject to FBAR and Form 8938 Reporting?
By Sanford Miller of MillarLaw A Professional Corporation On Sunday, May 13, 2018
On May 2, 2018 The Section of Taxation of the ABA issued its “Comments Regarding OVDP and Streamlined Procedures” in the form of a lengthy letter to Acting IRS Commissioner Kautter. Section II B provides “Guidance on Treatment of Undisclosed Cryptocurrencies”. It is reprinted in pertinent part below (footnotes have been omitted in the interests … Continue reading Are Cryptocurrencies Subject to FBAR and Form 8938 Reporting?