Thursday 15 August 2019
They said the government couldn’t control it. They said it could never be regulated. But as certain as death, they will try to tax it. And it seems the US Internal Revenue Service (IRS) won’t rest until it’s got every last tax dollar from cryptocurrency traders. The IRS is sending another round of letters to known cryptocurrency traders advising them that they’ve filed their taxes incorrectly, CoinDesk reports. In one instance, a taxpayer owed nearly $3,900 for 2017, that’s $3,600 in tax and about another $200 in interest. The letter, seen by CoinDesk, was dated July 29, 2019. This latest…
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