How can I request an IRS extension for my cryptocurrency transactions?

3 answers

• Dec 28, 2021 · 3 years ago
  If you need more time to report your cryptocurrency transactions to the IRS, you can request an extension by filing Form 4868. This form will give you an additional six months to file your tax return. Make sure to include any relevant information about your cryptocurrency transactions when filing the form. It's important to note that an extension to file does not grant an extension to pay any taxes owed. You may still be subject to penalties and interest if you don't pay your taxes by the original due date.
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• Dec 28, 2021 · 3 years ago
  Don't worry, requesting an IRS extension for your cryptocurrency transactions is a straightforward process. Simply fill out Form 4868 and submit it to the IRS. This will give you an extra six months to file your tax return. Just make sure to accurately report your cryptocurrency transactions when you do file. Remember, an extension to file does not mean an extension to pay, so be sure to pay any taxes owed by the original due date to avoid penalties and interest.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we understand that sometimes you need more time to report your cryptocurrency transactions to the IRS. That's why we recommend filing Form 4868 to request an extension. This will give you an additional six months to file your tax return. Remember to include all the necessary information about your cryptocurrency transactions when submitting the form. Keep in mind that an extension to file does not mean an extension to pay, so be sure to pay any taxes owed by the original due date to avoid penalties and interest.
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