US EditionIn Both Canada And The U.S.A., Sales Of Non-fungible Tokens (NFTs) Are Taxable And Must Be Reported To CRA, IRS, Respectively, Says Canadian Crypto Tax Lawyer – Tax Authorities
Pennsylvania man faced up to six years in prison for concealing
US$13M of NFT sales In April 2025, Waylon Wilcox, 45, from Pennsylvania pleaded
guilty in the U.S. federal court to two counts of falsified tax
returns, concealing millions of dollars in income from non-fungible token (NFT) sales. Court
documents reveal that Wilcox underreported his 2021 income by about
US$8.5 million, thus evading approximately US$2.1 million in taxes.
For the 2022…
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In Both Canada And The U.S.A., Sales Of Non-fungible Tokens (NFTs) Are Taxable And Must Be Reported To CRA, IRS, Respectively, Says Canadian Crypto Tax Lawyer – Tax Authorities
Pennsylvania man faced up to six years in prison for concealing US$13M of NFT sales In April 2025, Waylon Wilcox, 45, from Pennsylvania pleaded guilty in the U.S. federal court to two counts of falsified tax returns, concealing millions of dollars in income from non-fungible token (NFT) sales. Court documents reveal that Wilcox underreported his 2021 income by about US$8.5 million, thus evading approximately US$2.1 million in taxes. For the 2022…
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