More IRS summonses for crypto exchange account holders | Crypto Craft

  • More IRS summonses for crypto exchange account holders

    From cointelegraph.com

    The United States Internal Revenue Service has been hunting crypto vigorously for more than five years now, and the pace is getting faster. A couple of decades ago, the IRS was after offshore accounts, and that effort was among the most successful in the IRS’ history. Now, it’s crypto the IRS is after, and there’s no suggestion that the IRS intends to fail. The IRS wants crypto tax data in a big way, from asking about crypto on each tax return to its latest Hidden Treasure initiative and more. The collective efforts of the IRS are impressive, and it is unlikely that the IRS will stop anytime soon. They are ... (full story)

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cryptocow
Apr 18, 2021 3:06pm
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A lot of people are gonna get Wesley Sniped. Better to just play by the rules.
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TudorIoan
Apr 20, 2021 2:32am
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Some guy already said it, the gov. it's the only enemy for crypto.
Since crypto itself is a tax haven, crypto cannot coexist peacefully with governments.
I guess it's just a matter of time until they will ban crypto.
But crypto is untouchable because of the blockchain tech. You can't kill crypto for good, ever !
So crypto will remain just a marginal medium of exchange for drakweb kind of stuff.
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