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Articles Posted in #IRSCID

IRS Increased Focus on Cryptocurrency in Operation Hidden Treasure
Conaway & Strickler, P.C.
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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?” Last year this question was…

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