Deloitte’s Rob Massey says current IRS tax guidance requires Bitcoin users to report all transactions

Rob Massey, a partner at Deloitte with extensive experience advising clients on cryptocurrency taxation since 2012, outlined important developments in US Internal Revenue Service (IRS) tax guidance for Bitcoin users. Despite evolving technical guidance, the IRS continues to rely on a self-assessment model, requiring taxpayers to report all Bitcoin transactions, regardless of the amount involved. While the crypto market and related technology have rapidly changed, Massey emphasized that the IRS framework continues to treat Bitcoin transactions under a self-reporting regime.

Source: CoinTurk News