The Internal Revenue Service (IRS) Β β€” the United States’Β tax collection agency who administers the Internal Revenue Code enacted by Congress β€” once again provided taxpayers with a friendly reminder that income from virtual currency transactions is reportable on their income tax returns. The Taxman Issues a Warning On Friday, the IRS shared a reminder of the tax rules regarding cryptocurrency transactions on the agency’s official website. The notice explains that cryptocurrencies β€” also known as Read More The post The IRS Says Crypto is Currency, Warns Against Tax Evasion appeared first on Bitcoinist.com.



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