De Minimis Exception Could Hinder Crypto Tax Administration

De Minimis Exception Could Hinder Crypto Tax Administration – Law360

Law360 (November 19, 2019, 2:22 PM EST) — While providing an exemption from taxation and reporting requirements for small-value cryptocurrency transactions could help simplify disclosures for holders, it might thwart IRS compliance efforts by encouraging cryptocurrency holders to game the system while increasing administrative burdens.