IRS warns crypto holders: dodge tax and we’ll hand out stiff punishments

  • Service sending out warning letters to more than 10,000 people
  • IRS chief: ‘Taxpayers should take these letters very seriously’

Watch out, crypto-heads – the taxman cometh. The Internal Revenue Service has begun mailing more than 10,000 letters to cryptocurrency holders warning of stiff penalties if they fail to report income or pay tax on crypto transactions.

Related: $32m stolen from Tokyo cryptocurrency exchange in latest hack

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From our friends over at the : Business | The Guardian


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