IRS Sending Letters Based on Cryptocurrency

Theresa FerroneBlog

In 2017 the IRS won its fight with Coinbase, a cryptocurrency exchange, and recieved information on customers who traded cryptocurrency. On July 26th the IRS announced that they’re sending letters to individuals who may need to file or amend their returns to report cryptocurrency transactions. The IRS notice states: The Internal Revenue Service has begun sending letters to taxpayers with … Read More