Congress Slams IRS Over Bitcoin Tax Law; Here’s the Major Loophole for Crypto Investors21.8

The United States tax deadline has came and went, and thanks to overwhelmingly confusing tax laws, crypto and Bitcoin investors are left scratching their heads, with many outright refusing to report their crypto earnings and losses on their annual tax filing.

It’s not U.S. taxpayers who are alone in feeling confused by the complex tax laws and lack of clear guidance. Congress has issued a scathing letter to the Internal Revenue Service (IRS) asking for clarity on how U.S. residents should go about paying their taxes on Bitcoin and other cryptocurrencies. The letter itself, suggests a leading tax attorney with experience in advising crypto clients, creates a major loophole for crypto investors who are at risk to become audited or worse.

Original source
https://www.newsbtc.com/2019/04/18/congress-slams-irs-over-bitcoin-tax-law-heres-the-major-loophole-for-crypto-investors/

Add comment

Please Sign in to be able to leave comments.