In 2018, the IRS announced a Virtual Currency Compliance campaign to start reining in non-compliance related to virtual currency transactions. By the end of August, over 10,000 taxpayers will have received a crypto letter. Have you received one?
It’s important to be aware of the implications of changes to the tax law, both on the federal and on the state and local levels. This article focuses on a change in SALT deductions in Connecticut for small business owners.