Blog & Newsroom

The IRS has begun sending letters to more than 10,000 cryptocurrency holders with a warning that they may have violated federal tax law. 

The letters state those who have profited from the trade or use of cryptocurrencies (such as Bitcoin) may be subject to a variety of taxes including capital gains.

IRS Commissioner Charles Rettig has announced the IRS will be issuing additional guidance on the taxation of cryptocurrencies, also referred to as virtual currencies.