U.S. tax authority, the Internal Revenue Service (IRS) has already begun sending letters to thousands of bitcoin and crypto holders who have failed to report cryptocurrency transactions. The IRS letters include instructions to pay taxes, interest, and penalties. IRS: Review Tax Filings to “amend past returns and pay back taxes, interest, and penalties.” The IRS started sending educational letters to taxpayers in mid-July 2019. The agency estimates that by the end of August 2019, moreRead MoreThe post U.S. Tax Collector Is After Thousands of Bitcoin Holders appeared first on Bitcoinist.com.
