IRS Sets Its Sights On Bitcoin Speculators

  • 5 years ago

The IRS is cracking down on cryptocurrency traders who didn’t report their earnings on their taxes.
In 2018, the IRS launched a campaign to address noncompliance related to the use of virtual currency.
Americans are subject to tax on worldwide income from all sources, including virtual currency transactions.
Taxpayers with unreported virtual currency transactions are urged to correct their returns as soon as practical.

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