Amid Cryptocurrency Tax Questions, IRS Signals Enforcement

By Joshua Rosenberg (September 5, 2019, 4:56 PM EDT) -- Despite calls for more guidance on the tax treatment of cryptocurrency, the IRS has begun a major initiative to ensure that cryptocurrency users pay their fair share of tax, signaling the agency's greater interest in enforcement in the area.

While the Internal Revenue Service hasn't released cryptocurrency guidance since 2014, and investors lack answers to important and basic questions, the agency has sent letters to some users about their tax obligations. (Getty) Internal Revenue Service Commissioner Chuck Rettig has promised guidance to clarify some of cryptocurrency users' most pressing tax questions. That guidance has not yet been released, but in a move that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!