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Category: irs cryptocurrency
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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 Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners
The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com. IRS Sending New Warning Letters The IRS has started sending out a new round […]
The post IRS Sends Fresh Round of Tax Warning Letters to 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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Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators
For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also integrate with leading tax filing software […]
The post Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators appeared first on Bitcoin News.
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