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The major tax myths about cryptocurrency debunked
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The major tax myths about cryptocurrency debunked
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tldr; The US Internal Revenue Service (IRS) is going after people who don’t report cryptocurrency transactions. The IRS sent 10,000 letters in different versions asking for compliance, but all were nudges to encourage taxpayers to be compliant. It is not clear if there will ever be a crypto amnesty program emulating the offshore voluntary disclosure programs for offshore accounts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*