・2 min read・Crypto
You May Owe Quarterly Taxes On Your Cryptocurrency
If you earn cryptocurrency income via mining, staking, interest, or trading, you
might have to pay quarterly taxes (also known as estimated taxes) to the IRS and
state to avoid underpayment penalties.
What Are Quarterly Taxes?
The US has a pay as you go tax system
[https://www.irs.gov/payments/pay-as-you-go-so-you-wont-owe-a-guide-to-withholding-estimated-taxes-and-ways-to-avoid-the-estimated-tax-penalty]
. This means you are required to pay taxes on income as you earn them and not at
the end o
Shehan Chandrasekera, CPA
