If you're company running a token or running thi exactly described you're going to have w ts. For you employees, you can have ten 99 fo the contractors in the us. And for people who are abroad, you are going to give them a w b n. But it's definitely still the wild west out there. Nowd like, maybe they're getting the benefit of the doubt with the iris and maybe they're not.
Crypto is reaching the mainstream, which has major implications for crypto and traditional startups alike. Kruze Consulting COO Scott Orn joins to discuss what regulation and taxes actually apply to crypto (3:17), recent improvements in crypto accounting infrastructure (8:24), appropriately documenting crypto holdings (21:25) and more! With crypto market capitalizations rivaling large cap tech companies, the IRS wants its due. This is a great crash course for properly documenting crypto and avoiding future fines.