IRS is Paying Attention to Virtual Currency Third-Party Information Reporting and Title 26
By EsqSocial Corporation 03/11/20
On September 24, 2020, the TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION (TIGTA) issued a final audit report: “The Internal Revenue Service Can Improve Taxpayer Compliance for Virtual Currency Transactions” that evaluates the IRS’s efforts to ensure accurate reporting of virtual currency transactions as required under U.S. Code Titles 26 (Internal Revenue Code) and 31 (Money and Finance)....
By: Foodman CPAs & Advisors