Crytocurrencies Expat Tax News

Cryptocurrencies are virtual currencies such as Bitcoin, Ethereum, Ripple, Cardano, and Dogecoin. They have featured prominently in the news in recent years as their popularity and value has soared.

Should Expats Report Cryptos?

The way Cryptos are reported and taxed by the IRS can be complex. Read our articles below for the latest guidance, and always seek advice if you have any questions or doubts.

Bitcoin and Cryptocurrency Tax Reporting for American Expats Guide

Bitcoin and Cryptocurrency Tax Reporting for Americans Expats Guide

Many expats were early adopters of cryptocurrencies such as Bitcoin, and as all American citizens, including expats, have to file a US tax return every year, how to report Cryptos is a pertinent question for many Americans living abroad. In 2021 in particular, cryptos have frequently featured in the news due to dramatic value changes. With many […]

IRS Announces Cryptocurrency Accounts to be Added to FBAR Reporting

Cryptocurrency Accounts to be Added to FBAR Reporting

On 31st December 2020, the IRS quietly dropped a Bitcoin bombshell as it released a statement saying that it intended to add virtual currency accounts as a reportable account under FBAR rules. The statement read: “FinCEN intends to propose to amend the regulations implementing the Bank Secrecy Act (BSA) regarding reports of foreign financial accounts […]