The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won’t have any record from a Form 1099 about their cryptocurrency transactions. | Most taxpayers lack 1099 forms for reporting crypto transactions | | By Michael Cohn 6 min read | | The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won’t have any record from a Form 1099 about their cryptocurrency transactions. | |
| | | Coronavirus: Stay up to date | | Accounting Today has compiled in one place all its coverage of the pandemic, how it's affecting the industry, and what you need to know going forward. | |
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| Be clear, be calm during coronavirus | | By Kyle Walters 5 min read | | Establish a communication plan now, so your firm can come out of this crisis stronger than ever. Here are three key steps to follow. | |
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