Early Crypto Investor Fights $29 Million Tax for Bitcoin Forks
A Nevada executive alleges the IRS has wrongly assessed almost $29.4 million in taxes and penalties over cryptocurrency forks he says he didn’t benefit from.
Benjamin Rogovy and Carol Castellon Miranda petitioned the US Tax Court disputing the findings of almost $24.5 million in tax deficiencies, as well as about $5 million in penalties, for his 2017 and 2018 tax years.
An early investor and adopter of Bitcoin, he acquired some bitcoin and other cryptocurrency, including Dash, in personal accounts as well as a marketing and consulting business he owned, Velorum Inc., that ceased operations in 2016. At the time, …
