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How To Deal With A Cryptocurrency Tax Audit: Guidance From A Canadian Tax Lawyer – Tax Authorities

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 The Canada Income Company (CRA) is expanding its scrutiny of
 cryptocurrency tax returns A lot of tax companies and regulatory bodies about the environment have
 increasingly concentrated on cryptocurrency traders for the past a number of
 several years, in unique the IRS and the CRA. Just one obstacle a tax
 agency typically faces is the nameless mother nature of the cryptocurrency
 transactions, which tends to make it distinctive to detect the taxpayers
 for a Canada crypto tax audit. In 2016, IRS submitted a
 generic request known as the “John Doe” summons on…
