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Cryptocurrency

IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders

The Internal Revenue Service has begun sending letters to more than 10,000 cryptocurrency holders, warning they may have broken federal tax laws. According to the Wall Street Journal, the agency wasn’t specific about the possible violations it was reviewing, but those who hold digital currencies could be subject to a variety of taxes, especially on …

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Tax Reform 2018 Explained

Starting with Tax Year 2018 (Jan.-Dec. 2018), tax forms and schedules are changing due to Tax Reform. Tax Forms as we know them are being cut off and split up in schedules. The House (again) approved the final version of the most sweeping rewrite of the tax code in more than 30 years. The tax …

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