Quick answer (read this first): What they are: IRS Letters 6174 and 6174-A are advisory crypto compliance letters, sometimes called soft letters. Neither strictly requires a response, which sets them […]
Quick answer (read this first): What it is: IRS Letter 6173 is a response-required compliance letter sent to taxpayers the IRS believes had cryptocurrency transactions that were not properly reported. […]
Quick answer (read this first): What it is: A CP2000 crypto notice is a proposed adjustment generated by the IRS Automated Underreporter program when third-party data, increasingly Form 1099-DA proceeds […]
Quick answer (read this first): What it means when the IRS contacts you about crypto: An IRS crypto letter means the agency has data suggesting your digital asset activity was […]
Quick answer (read this first): What is integrated onchain reporting: It is the probable next phase of crypto tax compliance predicted at ETHDenver by Patrick Camuso, in which the tax-relevant […]
Quick answer (read this first): What the three records are: Every crypto investor has three independent records describing the same activity: the broker’s Form 1099-DA (or Form 1099-B), the output […]
Quick answer (read this first): Are crypto options taxes settled? The buyer and writer rules under established option tax law, expiration as a disposition, and the exercise and assignment adjustments […]
Quick answer (read this first): Is the tax treatment of Hyperliquid activity settled? No. The IRS has not issued guidance specifically addressing Hyperliquid taxes, crypto perpetual futures, HLP vault participation, […]
Quick answer The core problem: Prediction market platforms produce transaction-level data not designed for accounting or tax purposes. Who this affects: Retail traders reconciling year-end positions, algorithmic traders and market […]
My co-authored article with Sulolit Mukherjee has been published in Tax Notes Federal: “Prediction Market Event Contracts: A Tax Classification Analysis.” This prediction market tax analysis examines the three competing […]
