FBAR and FATCA Filing for Crypto Traders




BitcoinTaxes Crypto Taxation Series show

Summary: A lack of guidance has left crypto traders unsure of their reporting obligations for foreign accounts. We are joined with Andrew Gordon, a tax attorney, who understands the ins and outs of foreign account reporting in relation to cryptocurrency trading. Andrew discusses FBAR, FATCA, penalties associated with not reporting, and to answer the question - do cryptocurrencies have to be included in these reports?