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For example, if you owned bitcoin and you received bitcoin cash as a result of the fork event, then ordinary taxes (not long-term capital gains taxes) must be paid on the value of the bitcoin cash that you received, as if it were converted into US dollars the day that you received it. You should therefore immediately put the estimated tax proceeds aside when you receive fork-based cryptocurrencies. 3: Keep a detailed record of all your cryptocurrency transactions. Document all your buy and sell dates and amounts in a spreadsheet. You can also


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Anacortes business pleads guilty to withholding sales tax An Anacortes business has pleaded guilty to first-degree theft for withholding sales tax from the state. Main Street Group, LLC, a construction and management services business that operated under the name of Country Homes, was accused by the state of withholding $9,816 in sales tax revenue, court documents show. The state Department of Revenue began investigating the company after receiving an anonymous fraud referral, the documents state. According to the affidavit for probable