Blockchain.com founder on cryptocurrency hack



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  1. The IRS tax laws involving cryptocurrency continue to evolve. In general, the U.S. tax laws involving the taxation of cryptocurrency can be very complicated. This is primarily due to the fact that the Internal Revenue Service treats cryptocurrency as property, even though it is generally thought of as currency. Moreover, cryptocurrency tax enforcement is on the rise as well. Even the updated Draft 1040 for 2020 includes a question about cryptocurrency on the first page of the form. Whether or not you received an IRS Letter 6173, 6174 or 6174-A, you are at a risk for an IRS cryptocurrency tax audit. This is further amplified if you maintain cryptocurrency at Coinbase, due to the court approval (after several rounds) of the IRS Summon for more than 14,000 account holders.
    Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. As an expert witness, Lance's side has never lost a lawsuit. Google Lance Wallach and your advisor, who do you trust?
    516-236-8440 Wallachinc@gmail.com

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