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Crypto Update | Crypto Tax: Everything You Need to Know

Markets Outlook

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IRS Enforcement and Crypto Tax Compliance Explained

Exploring the first criminal charges for underreporting Bitcoin sales by the IRS, this chapter highlights the complexities of tax calculations in the crypto space and emphasizes the significance of accurate tax reporting. It also discusses the differences between civil and criminal IRS actions, the time limits for investigations, and the importance of disclosing tax-related information.

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