IRS to send warning letters to cryptocurrency uses for tax evasion

IRS to send warning letters to cryptocurrency uses for tax evasion

The IRS is set to send about 10,000 letters to US taxpayers by August stating they may owe taxes on unreported cryptocurrency earnings. US citizens must include cryptocurrency earnings when filing federal taxes. Anyone convicted of evading crypto taxes could face up to five years in prison and a fine of up to $250,000.

Chris
Chris
Dave
Dave 6 months

We don't understand this "Bitcoin" stuff. But we are sure you must owe us taxes for it!

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