US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter

News

Cryptocurrency holders that will not reply are subject to account examination by the United States Internal Revenue Service. Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report income and pay the resulting tax from digital currency transactions or did not report their transactions properly.  Those who already received letter 6173, titled “Reporting Virtual Currency Transactions” on July 16 now have less than a week to reply to the IRS. The most serious of…
Click Title Below To Read Details From Source:
US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter

Leave a Reply

Your email address will not be published. Required fields are marked *