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IRS sends fresh batch of tax notices, stoking investor concern
Crypto investors are on edge after the IRS started mailing out a flurry of warning letters to Bitcoin and other cryptocurrency holders. Several tax experts say that thousands of investors have received notices over the last two months, far more than in previous years. Crypto tax lawyers Jordan Bass and Andrew Gordon say they're seeing a similar swell in questions, calling it the most attention on crypto by the IRS since a wave of compliance letters sent from 2020 to 2021. The new IRS letters inform recipients that the agency has records of them holding cryptocurrency — in some cases, on exchanges like Poloniex — ... (full story)
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