In this video, tax lawyer Doron Levy delves into the intricacies of handling undeclared crypto income. He explains how the retroactive calculation of taxes involves multiple interpretations and professional judgment. Using a hypothetical case of a person evading crypto taxes, Adv. Levy illustrates the complexities in determining profits, tax rates, and currency conversions. He emphasizes the importance of consulting an experienced tax professional to achieve the most favorable tax outcomes.
