Kelly Phillips Erb is a Forbes senior writer who covers tax. The Internal Revenue Service (IRS) has released the very-probably-unless-Congress-does-something-soon final version of Form 1040, U.S.

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Tax Season 2021 has begun. When you dig into your tax return for ...

In 2014 the IRS issued Notice 2014-21 (“Notice”) regarding the application of the Internal Revenue Code to transactions using virtual currency. The IRS advised that virtual currencies which could be ...

Forbes contributors publish independent expert analyses and insights. Shehan Chandrasekera is the leading expert on cryptocurrency taxes. This article is more than 4 years old. BRAZIL - 2020/10/09: In ...

Crypto users in the U.S. have taken to Twitter to express their confusion and frustration over the wording of a question about virtual currencies on this year’s tax return form. On Dec. 11, the IRS ...

The IRS may update its Form 1040 to make sure all taxpayers who engage in cryptocurrency transactions report them. A draft of the 2020 tax form includes a question asking taxpayers whether they have ...

The Internal Revenue Service is considering adding a question to Form 1040—America's primary income tax form—asking tax filers if they dealt in virtual currency in 2020. It would be the agency's ...

On March 3, 2021, the Small Business Administration (SBA), in conjunction with the U.S. Department of the Treasury, adopted an interim final rule (IFR) that: (1) allows individuals who file an IRS ...