Bad goes to worse for those in crypto with taxes due

Author: Adam Button | Category: Cryptocurrency

The IRS will be coming after US traders who don't report crypto

It was a rough year in crypto currencies as the boom went bust. It will be even worse for US traders who don't report activity to the IRS.

Finance Magnates looks at the issues.

Enrolled Agent Beth Logan told Finance Magnates that since last year, "the IRS has [developed] a program, through blockchain analysis contractors, to find crypto investors that are trying to evade taxes."

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