Tax Expert and Advisor Barry G. Fowler, On Virtual Currency Tax And Hotmail Scam
Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions talks about two issues coming from the IRS regarding one phishing scam and the possibility of being taxed on virtual currency.
Houston, TX – January 3, 2018 – Barry G. Fowler, CEO of Taxation Solutions, posted a new article on his website entitled “IRS Warns About Hotmail Scam And Potential Virtual Currency Taxation.” Mr. Fowler keeps his readers informed about all things tax related and this year-end message is no exception.
Fowler writes, “As we barrel toward the end of the year and shoot headlong into tax season, the IRS has a couple of warnings for taxpayers and tax professionals alike.” He adds, “These are just two items as we wait and see if there are going to be any bigger changes if a new tax bill is passed.”
“First of all,” says Fowler, “if you decided to explore the investment opportunity presented by Bitcoin and other virtual currencies, the IRS may be hitting you up for taxes this coming tax season.” He elaborates, “The IRS is stepping up enforcement as they see owners experiencing the thrill of record high values.”
Fowler shares information from an industry publication, “According to accountingtoday.com, “Last week, a court ordered Coinbase to disclose information pertaining to more than 14,000 of its customers who have engaged in transactions involving bitcoin, and possibly other virtual currency transactions.”
Further in the article, Fowler says, “On another note, the Internal Revenue Service recently issued a warning to both, taxpayers and tax professionals about a new email scam targeting Hotmail users in which the thieves try to steal personal and financial information.”
According to Fowler, “This information also comes from Accountingtoday.com and describes the phishing email as having a subject line saying, “Internal Revenue Service Email No. XXXX | We’re processing your request soon | TXXXXXX-XXXXXXXX”. Then, according to the article.“ The email takes taxpayers to sign into a bogus Microsoft web page asking for their personal and financial information.”
The entire article can be read at https://www.taxationsolutions.net/irs-warns-about-hotmail-scam-and-potential-virtual-currency-taxation/
About Barry G. Fowler, EA
Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.
Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTP