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Tax Hysteria Over Cryptocurrencies Likely Overblown, IRS Audits Drop to Lowest Level in Decades
This past summer, the IRS caused waves when it announced that it would be sending some 10,000 notices to cryptocurrency traders. However, a recent report finds that due to cuts, IRS audits have plummeted to their lowest level in at least four decades. Hysteria over the IRS hammer coming down on cryptocurrency traders may be overblown after recent reports indicate that the tax agency is a shell of its former shelf. The Wall Street Journal finds that audits plummeted to only 0.45% of all personal income tax returns in 2019, the lowest level in at least four decades. This marks the eighth straight year of decline which ... (full story)
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- Jan 9, 2020 2:08am Jan 9, 2020 2:08am
- TudorIoan
- Joined Dec 2015 | Status: Member | 3436 Comments
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- Jan 9, 2020 10:46am Jan 9, 2020 10:46am
- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Jan 9, 2020 10:47am Jan 9, 2020 10:47am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Jan 10, 2020 3:40am Jan 10, 2020 3:40am
- TudorIoan
- Joined Dec 2015 | Status: Member | 3436 Comments
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