Former IRS Official Reveals Crypto Tax Secrets!

Miles Fuller is the Director of Government Solutions at TaxBit. We discuss:
– Miles 15 years at the IRS
– TaxBit’s crypto tax solutions
– How the IRS views crypto airdrops
– Converting crypto profits to stablecoins
– Crypto tax reporting requirements, proposed by Treasury
– Bitcoin Spot ETF
– Digital Identify, CBDCs, and Tax Reporting
– Will IRS use AI and Blockchain?

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⏰ Time Stamps ⏰
00:00 Intro
01:56 Miles background
06:09 TaxBit overview
08:01 TaxBit 2024 plans
08:50 Treasury proposed tax reporting rules
11:53 Will IRS retroactively go after folks?
13:50 Crypto airdrops
20:38 Cashing out to stablecoins
24:50 Need for crypto regulations
29:20 Digital Identify, CBDCs and Tax Reporting
32:13 Bitcoin ETF
33:54 Capital Gains taxes
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