Tax,
Criminal
Jan. 22, 2018
Consider a backdoor route to bitcoin IRS amnesty
Amnesty seems overdue. Even government officials have mentioned the idea of an IRS tax amnesty. There’s a good deal of tax cleanup that some people need to do.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
There has long been speculation that a special IRS amnesty program will be announced for bitcoin and other digital currency taxpayers. It would sure be nice, and soon. Everyone knows that tax compliance with crypto has been poor. That's why the IRS has trained criminal IRS agents to pursue this. It's why the IRS is using tracking software. And it's why the IRS successfully went after Coinbase accounts via summons.
Amnesty seems over...
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