IRS increasing prevalence of Bitcoin in their training materials

Hey everyone.

I'm a tax professional and just recently took the second part of the Special Enrollment Examination which is an IRS test to become an Enrolled Agent. During my exam I had two questions specifically about Bitcoin out of the 100 questions on the business tax test. From what I understand, the IRS just changed the SEE this year and are including more on digital assets for the tax pros. To me this was a pleasant surprise during my test and something pretty bullish on the government's side.



Submitted June 27, 2021 at 09:28PM by ikeep4gettin https://ift.tt/3qtd4zP

Comments

Popular posts from this blog

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part?