Photo of Joshua Smeltzer

As a former litigator for the U.S. Department of Justice Tax Division, Joshua Smeltzer focuses on defending individuals and all types of businesses in a variety of challenging tax controversies before the IRS, federal district courts, the U.S. Court of Federal Claims, U.S. Tax Court and federal bankruptcy courts.

Cryptocurrency SavingsCryptocurrency is more accessible than ever before. Banks are continuing to both implement procedures for and, in some cases, develop their own cryptocurrencies. Paypal allows users in the U.S. to buy, sell and hold select cryptocurrencies directly through PayPal and it will enable cryptocurrency as a funding source for purchases in 2021. Volatility in the price of cryptocurrencies continues, and is likely to continue, but it is becoming a more recognized investment and method of payment. As more taxpayers integrate cryptocurrency into their finances, they should consider tax implications. Here are some things to remember about current or future cryptocurrency transactions and investment.
Continue Reading Taxpayer Guidelines for Cryptocurrency in 2021