New IRS Warning Letters Target Crypto Investors Who Misreported Trades - CoinDesk
The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.
In addition to the three letters sent last month to crypto traders advising them they may have incorrectly filed their taxes, the IRS is now also telling certain investors that they did, in fact, report the wrong amount of income from crypto transactions. And the agency is looking to collect.
Source : https://www.coindesk.com/new-irs-warning-letters-target-crypto-investors-who-misreported-trades
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