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MARKETS DAILY: Crypto Update | Crypto Tax: Everything You Need to Know

CoinDesk Podcast Network

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Implications of IRS Crackdown on Crypto Tax Fraud and Enforcement Strategies Explained

Exploring the collaboration between the IRS and the Department of Justice in pursuing criminal charges for crypto tax fraud, with a spotlight on a case involving underreporting of Bitcoin sales. This chapter underscores the heightened enforcement actions in the cryptocurrency realm, delineating between civil and criminal IRS approaches and stressing the need for accuracy and transparency in tax reporting to evade legal repercussions.

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