Cryptocurrency & FBAR – Include Overseas Cryptocurrency on FBAR?

Cryptocurrency & FBAR – Include Overseas Cryptocurrency on FBAR? (Golding & Golding) Cryptocurrency & FBAR – Include Overseas Cryptocurrency on FBAR? As the time to file an FBAR/FinCEN114 for tax year 2017 comes to an end (FBAR is on automatic extension through October 15, 2018) one of the most pressing questions involves the tax and reporting of cryptocurrency. Namely, “Do I Include Overseas Cryptocurrency on the FBAR?” Cryptocurrency & FBAR If you are wondering whether your overseas  cryptocurrency being held abroad in a foreign country is reportable to the IRS and FinCEN, you are not alone. The IRS and FinCEN are seemingly trying to keep the FBAR disclosure rules for cryptocurrency intentionally vague until they have a chance to catchup. Common questions about cryptocurrency FBAR disclosure: What if my crypto account is anonymous? What if I do not report my crypto account? Is overseas cryptocurrency FBAR…

Read more detail on Recent Tax Law posts –

This entry was posted in Tax Law and tagged , , , , . Bookmark the permalink.

Leave a Reply