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0 View PremiumNov 20, 2023
BlockChain-1-844-291-4941 Blockchain wallet supportWhen a taxpayer receives a Form 1099-MISC, the IRS also receives a copy. Thus, the IRS has an expectation that the individual will report the itemized amounts as income on an annual tax return. Failure to include these transactions and report your crypto income may expose you to certain liability and consequences, such as an increased likelihood of an IRS audit.
We recommend that each customer review their Form 1099-MISC form as well as their Crypto.com account activity and then consult with a tax professional to determine the correct income that must be reported to the IRS.
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BlockChain-1-844-291-4941 Blockchain wallet supportWhen a taxpayer receives a Form 1099-MISC, the IRS also receives a copy. Thus, the IRS has an expectation that the individual will report the itemized amounts as income on an annual tax return. Failure to include these transactions and report your crypto income may expose you to certain liability and consequences, such as an increased likelihood of an IRS audit.
We recommend that each customer review their Form 1099-MISC form as well as their Crypto.com account activity and then consult with a tax professional to determine the correct income that must be reported to the IRS.