| | | March 2020 | U.S. citizens beware – IRS wants to know about your
virtual currency
John F. Oakey, CPA, CA, TEP, CC, is national director of Tax Services at Baker Tilly Canada | | The U.S. government, along with most governments, has invested resources in understanding cryptocurrency and is developing policies to deal with virtual currency. As of today, Bitcoin still remains the most invested virtual currency on the market with a market cap of approximately $200 billion. |
| | | Baker Tilly Ottawa LLP 400-301 Moodie Drive
Ottawa, ON
K2H 9C4 Canada
ottawa@bakertilly.ca
www.bakertilly.ca |
| This email is sent by Baker Tilly Ottawa LLP, formerly Collins Barrow Ottawa LLP. 400-301 Moodie Drive, Ottawa, ON, Canada K2H 9C4.
Baker Tilly Canada periodically publishes U.S. Tax Flash for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada with respect to U.S. issues. While U.S. Tax Flash may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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