For tax season 2020, there is a new cryptocurrency disclosure question on IRS Form 1040. And if you ever wondered whether the IRS is really taking cryptocurrency taxation seriously – the crypto question appears on the new 1040 before naming your Dependents. Expect to answer this question honestly: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” Crypto tax enforcement is here. In a recent Report published by the Attorney General’s Cyber Digital Task Force, crypto is an area of emerging concern and focus.  Buckle your digital seatbelts!

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Jason Morton is a Partner in a small boutique tax law firm, Webb & Morton PLLC, with offices in both North Carolina and Virginia. He maintains the law firm’s very active

Blog, as well as maintaining a Vlog on YouTube. Jason…

Jason Morton is a Partner in a small boutique tax law firm, Webb & Morton PLLC, with offices in both North Carolina and Virginia. He maintains the law firm’s very active

Blog, as well as maintaining a Vlog on YouTube. Jason has published several featured articles with TaxNotes, the NC Bar Association Tax Section, Autism Parenting Magazine, local newspapers and most recently, working with Cointelegraph and Bloomberg Tax. Jason is also an Officer in the Army National Guard, most recently serving an active duty tour from 2016 to 2018. Most importantly, above all else, Jason is proud Autism Dad.