(AP)
Our tax whisperer – long time tax accountant Don DeSantis – told me about the IRS’s campaign to make sure Bitcoin transactions are properly taxed.
The IRS suspects that a lot of people are using cryptocurrency to under-report their income. Among the approximately 20 million Americans who trade in Bitcoin, the IRS figures only 40% are accurately reporting their earnings.
And so the IRS will be hiring more cryptocurrency experts, and Don says they’ve also been sending out friendly letters to Bitcoin users – Here’s the gist:
“Hi– we’re the IRS. We want to help educate you about cryptocurrency … and amend
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