April 20, 2024

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Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert

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Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert
Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax ExpertMany cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the discretion to apply laws retroactively or retrospectively interpret them. Complex Filing Process Clinton Donnelly, CEO of Crypto […]