return. The fbar is a separate form that is due the same day as your returns. 1,207,598 Fastest growing last 90 days. 00:24, andrew: Actually several years ago, ago in 2014, we had a client approach us who was getting paid "magic internet money from the Ethereum Foundation. Back then the IRS had not released any guidance - it wasn't till later in 2014 that the IRS even defined Crypto as property. It's filed online, electronically. In terms of foreign account reporting, there's two main forms you need to know about: fbar fatca. Jul 17, 2015 /r/BitcoinMarkets hits 20K subscribers 10K, jan 3, 2014 /r/BitcoinMarkets hits 10K subscribers, trend, dec 6, 2013 /r/BitcoinMarkets is trending, trend thread 5K Nov 24, 2013 /r/BitcoinMarkets hits 5K subscribers TOP 5K Sep 1, 2013 /r/BitcoinMarkets enters TOP 5K subreddits 1K Jun. So same due dates, but it's filed differently, still sent to the Department of Treasury - it's a separate form.
I have been thinking for a while that something seems suspicious about the way the market has been moving lately. A community dedicated to Bitcoin, the currency of the Internet.
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Topic: fbar fatca Filing for Crypto. Summary: Our guest, Andrew Gordon, is a tax attorney who understands the ins and outs of foreign account reporting in relation to cryptocurrency trading. That was our first introduction and we were and presented the question of, well, if I'm getting paid these random tokens called Ethereum, how do we account for this? Milestones, tOP 1K, feb 7, 2018 /r/BitcoinMarkets enters TOP 1K subreddits 100K, jan 20, 2018 /r/BitcoinMarkets hits 100K subscribers, trend. 02:42, andrew: fbar is my favorite four letter word. Hey all - we've noticed a ton of our customers asking about fbar fatca filing requirements. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. It has the same due dates as your tax returns - April 15th and it can be extended six months to October 15th. Andrew has been working in the crypto-space since 2014. 1,208,646 Fastest growing yesterday.
So, I interviewed a tax professional well-versed in fbar fatca reporting requirements for crypto traders. Andrew joins us to discuss fbar fatca reporting, the penalties associated with not reporting, and to address whether he believes crypto traders should be filing these forms. Below is a link to the actual podcast, and then a summary of the interview, with timestamps in case you want to just fast forward to a certain part. Bitcoin is a distributed, worldwide, decentralized digital money. Jan 10, 2018 /r/BitcoinMarkets is trending, trend thread 90K, jan 2, 2018 /r/BitcoinMarkets hits 90K subscribers 80K, dec 17, 2017 /r/BitcoinMarkets hits 80K subscribers 70K, dec 2, 2017 /r/BitcoinMarkets hits 70K subscribers. Trend, nov 30, 2017 /r/BitcoinMarkets is trending, trend thread 60K, nov 15, 2017 /r/BitcoinMarkets hits 60K subscribers, trend, nov 7, 2017 /r/BitcoinMarkets is trending, trend thread 50K, sep 16, 2017 /r/BitcoinMarkets hits 50K subscribers 40K, aug 4, 2017 /r/BitcoinMarkets hits 40K subscribers 30K, may. It stands for "Foreign Bank Account Report". Full disclosure, I work for Bitcointaxes.