H’R Block helps fill out cryptocurrency tax returns

The American accounting firm H&R Block announced that it will advise taxpayers on filling out income and loss declarations from cryptocurrency trading.

In a press release, the company said that the new service is intended for people dealing with digital assets. The company will provide all the necessary advice on the correct filling out of tax returns on income or losses from cryptocurrency trading.

The service was launched to help 10,000 citizens who received a letter from the United States Internal Revenue Service (IRS). Andy Phillips, Director of H&R Block Tax, said:

“Some of these letters simply remind taxpayers that income from the sale of cryptocurrencies is taxed. However, this is still quite a stressful situation for a person. In addition, some letters require a response or other action. Fortunately, we not only know how to fill out a declaration under the law, but we can thoroughly explain everything to the taxpayer and reassure him. ”

Recall that in June of this year, the California Society of Certified Accountants (CPA) called for clarity in the rules for accounting and disclosure of information about cryptocurrencies due to the lack of legislation in this area.