Tax attorney Doron Levy illuminates the intricacies of retroactively calculating taxes on undeclared crypto earnings. He explains the various factors that impact tax calculations, such as fluctuating dollar rates and the absence of direct shekel conversions. Through a case study on crypto tax evasion, Levy demonstrates the importance of seeking professional expertise to effectively navigate these complexities and minimize tax liabilities.s and minimize tax liabilities.
Voluntary Disclosure Procedure: How to Avoid Criminal Exposure
Similar to previous years, the Voluntary Disclosure Procedure is designed to encourage taxpayers to correct their tax reports. The procedure applies to violations under the