El Salvador’s adoption of bitcoin as legal tender might have been a watershed second for cryptocurrencies. However in the US, although you need to use crypto to purchase and promote services or products, do not assume for a minute that makes it similar to money — at least not if you wish to keep away from bother with the IRS.
Do crypto transactions get reported to the IRS?
What tax do I owe on cryptocurrency if I promote it?
How about if I received paid in a digital forex for an excellent or service?
What if I paid another person in digital forex?
What ought to I report if all I did was purchase digital forex?
Will my state tax my crypto transactions?