Discover and read the best of Twitter Threads about #irscrypto

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Next topic is calculating fair market value. Wang of the AICPA said she recommends the IRS set out some specific guidance on how to calculate FMV (and referenced @coindesk's Bitcoin Price Index in the process) #IRScrypto
There needs to be some guidance around what a qualfied appraiser is or looks like, Wang says #IRScrypto
Say you're donating 1 BTC. It's > $5,000 so you'd maybe need an appraiser but why not just average the price on some exchanges, an audience member asks #IRScrypto
Read 45 tweets
Good morning folks. The IRS is holding a crypto summit today and I'll be attending for @coindesk. Thread starts here. Need some context? Here ya go: coindesk.com/the-irs-is-inv… #IRScrypto
Here's today's agenda #IRScrypto
We haven't formally begun yet, but some audience members are asking questions they'd like to see addressed. One member asked if the IRS would respond to the GAO report (see: coindesk.com/irs-refused-to…) #IRScrypto
Read 102 tweets

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