Category: irs crypto
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Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’
U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government.
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IRS Official: Crypto Is Here to Stay and ‘Becoming More Legitimate’
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The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review
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IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’
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IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year
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IRS Updates Tax Requirements for Cryptocurrency Owners
The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes New Crypto Tax Filing Instructions The IRS published updated instructions for Form 1040 on […]
The post IRS Updates Tax Requirements for Cryptocurrency Owners appeared first on Bitcoin News.
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IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies. IRS Focuses on […]
The post IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form appeared first on Bitcoin News.
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