Once a helpful tool for law enforcement, CTRs have become next to useless in the fight against money laundering. It's time to ...
Here are the basics of virtual currency transactions and how you report ... In the simplest possible case, you'll then use Form 1040, Schedule D to report your capital gains and losses from ...
Specifically, when you make a big deposit, the bank has to complete a form called the Currency Transaction Report. This report requires the bank to: Verify and record your name and address Report ...
Opinions expressed by Forbes Contributors are their own. Amber Gray-Fenner covers individual and crypto taxation and IRS news. Businesses who accept cryptocurrency as payment were relieved to hear ...