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Additional IRS guidance on virtual currencies is necessary

Posted Oct 24, 2018

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Additional IRS guidance on virtual currencies is necessary


Additional IRS guidance on virtual currencies is necessary, according to the House Ways and Means Committee. In a letter to the IRS, committee members questioned the IRS on an uptick in enforcement actions being taken against holders of virtual currencies without the agency issuing additional guidance. The letter referred to several “robust enforcement actions on a number of fronts.” It cited the authority to seek the records of some 500,000 Americans who held virtual currencies between 2013 and 2015. Read the full letter here: https://bit.ly/2Q6ZazO 





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