In spite of frequent corresponding warnings by the Internal Revenue Service (IRS) for cryptocurrency investors to pay their taxes on their gains. The IRS is worried that numerous U.S. citizens may not be precisely reporting the profits they have generated from their cryptocurrency transactions. Given the IRS are fully aware of the nature of profit and losses of bitcoin, therefore, has a justifiable reason to be concerned.
Less than 100 people declared crypto gains
Evidence points to this issue of tax evasion. For example, less than 100 individuals out of
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