How does Upwork handle IRS reporting for cryptocurrency payments?

3 answers

• Mar 18, 2022 · 3 years ago
  Upwork takes IRS reporting for cryptocurrency payments very seriously. They have implemented a system that automatically generates the necessary tax forms for freelancers who receive cryptocurrency payments. This ensures that both the freelancer and Upwork are in compliance with tax regulations. The process is seamless and helps freelancers accurately report their earnings to the IRS.
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• Mar 18, 2022 · 3 years ago
  When it comes to IRS reporting for cryptocurrency payments, Upwork has got you covered. They have a dedicated team that stays up to date with the latest tax regulations and ensures that all necessary reporting is done accurately and on time. This takes the burden off freelancers and allows them to focus on their work without worrying about tax compliance.
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• Mar 18, 2022 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi does not handle IRS reporting for cryptocurrency payments on Upwork. However, Upwork has a robust system in place to handle this. They work closely with the IRS to ensure that all necessary reporting is done accurately and in a timely manner. This helps freelancers avoid any potential issues with the IRS and ensures that they are in compliance with tax regulations.
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