In a previous article, we discussed in detail the content of a recently IRS statement on virtual currency, or cryptocurrency, tax collection. The statement, IRS Notice IR-2019-132, says 10,000+ letters will be sent out this month to individuals with virtual currency accounts. In its statement, the IRS also made reference to an earlier piece of material on […]
The IRS recently released a statement discussing its latest attempt to enforce tax collection. The recent statement relates to cryptocurrency and non-crypto virtual currency taxation. The statement is IR-2019-132. It describes how the IRS is sending out over 10,000 letters to taxpayers as part of a tax enforcement effort. The letters is addressed to taxpayers […]
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