NODE40 CTO Sean Ryan discusses cryptocurrency taxation and IRS letters 6174, 6174-A, and 6173 with Vincent Briatore. If you received one of these letters from the IRS, this interview is a must watch.
On July 26th the U.S. Internal Revenue Service (IRS) announced that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. This is arguably the most significant move by the IRS since the 2014-21 notice concerning digital currencies and their treatment by the federal government.
Sean Ryan shares additional thoughts about this move by the IRS on Bitcoin.com.