Penn AghanguNov 26, 2021 · 3 years ago2 answers What are the implications of FICA for individuals receiving cryptocurrency payments on their paycheck?
What are the potential consequences and considerations for individuals who receive cryptocurrency payments on their paycheck in relation to the Federal Insurance Contributions Act (FICA)? How does FICA affect the taxation and reporting of cryptocurrency income for employees? Are there any specific guidelines or regulations that individuals need to be aware of when receiving cryptocurrency payments as part of their regular paycheck?