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Articles Posted in #cryptocurrencytaxguidance

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IRS Increased Focus on Cryptocurrency in Operation Hidden Treasure

The IRS has just announced that Operation Hidden Treasure will seek to find taxpayers with unreported income from currency transactions.  Did you notice the new question on page 1 of the Tax Form 1040?  It states, “At any time during 2020 did you receive any financial interest in virtual currency?”…

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