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Podcast: B2B Vault: The Biz To Biz Podcast
Episode: B2B Vault Episode 34: Virtual Currency & The IRS Business Transactions SOLVED
Description: In today's episode, we will discuss what the IRS is doing Virtual Currency. Please look at how we are solving this issue for business owners!Â
The bill passed by Congress earlier this year had a law about Cryptocurrency, and the IRS had until 2023 or 2024 to figure out how they would deal with Crypto. Well - The IRS is not waiting - it's on this year's 1040 form!Â
So what is the IRS saying about Cryptocurrency?
  1. They are now referring to all Crypto as Virtual Currency
  2. They are going to tax you on the pr...