Abstract
ABSTRACT This paper examines how virtual currency is taxed and examines whether recent guidance has done enough. Virtual currency taxation has been complex and confusing ever since virtual currency first became used. Limited IRS guidance has been issued over the years leaving taxpayers to figure out the compliance on their own. In 2023, the IRS issued several large pieces of guidance, but this does not seem to be enough to help taxpayers with their compliance efforts. This paper examines whether the current tax law in this area constitutes a “good” tax system and gives suggestions for improvement.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
