Bitcoin Tax Amnesty (2018) – IRS Bitcoin Amnesty Reporting Procedure

Bitcoin Tax Amnesty (2018) – IRS Bitcoin Amnesty Reporting Procedure by Golding & Golding Bitcoin Tax Amnesty (2018) – IRS Bitcoin Amnesty Reporting Procedure Bitcoin and other cryptocurrency/virtual currency is getting a bad rap from the IRS, and whether it is an IRS Audit, examination or investigation – Bitcoin is under scrutiny.  And, with OVDP ending in 2018, if you are considering OVDP, now is the time. Bitcoin Amnesty, Sort Of… Back in 2017, Golding & Golding authored and published an article explaining how Voluntary Disclosure is a “sort of” Amnesty. You can click here to read the article. At that time, we explained how overall, IRS Offshore Disclosure is a good thing, but not necessarily amnesty per se — although a person can usually avoid criminal prosecution with IRS Amnesty Programs. Now with the IRS successfully winning a Subpoena against Coinbase, along with the IRS joining J5 to enforce Bitcoin…

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