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Archive by Month: May 2020

Tax Day Presents Unique Challenges for Cryptocurrency Investors in New Jersey

Articles/News, Hot Topics

Posted in on May 5, 2020

As 2020’s revised Tax Day approaches, New Jersey taxpayers who bought, sold or used cryptocurrency in 2019 are likely to find that complying with their income reporting and tax payment obligations presents a challenge. Even though the Internal Revenue Service (IRS) has acknowledged that its guidance on cryptocurrency reporting has been less than clear, it has also clearly signaled its intent to target individual and corporate taxpayers that fail to accurately report and pay what they owe.

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