IRS Makes Significant Change to Its Controversial Form 1040 Crypto Question

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Internal Revenue Service Federal Building Washington DC USA

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The IRS has made a subtle but important change to the way taxpayers are required to report cryptocurrency activity on their returns. This is a welcome step in the right direction, as it helps remove some of the confusion the agency had previously created and narrows the scope of what should be disclosed.

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Shehan is the Head of Tax Strategy at CoinTracker.io (bitcoin and crypto tax software). He is one of the few CPAs in the country to be recognized as a real world operator and conceptual expert on the taxation of cryptocurrencies.

He is a CPE Instructor who has received various awards: 2019 CPA Practice Advisor 40 Under 40 Accounting Professionals, Outstanding Young CPA of the year & Among 21 accountants mentioned on Accounting Today who will help shape (and reshape) accounting in 2020 and beyond by Accounting Today

Shehan is a renowned speaker who has spoken with numerous organizations including Google, Coinbase, Lyft, AICPA, American Bar Association, and State CPA Societies.

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