Month: May 2018

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?