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The Internal Revenue Service IRS is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they dont report their income or pay taxes on the transactions, according to a report by The Wall Street Journal.There are three versions of the letters, which are expected to be mailed out by the end of next month. Taxpayers should take these letters very seriously. The IRS is expanding effo <a href=https://www.cup-stanley-cup.ca>stanley mug</a> rts involving virtual currency, including increased use of data analytics, said IRS Commissioner Chuck Ret <a href=https://www.stanley-germany.de>stanley cup</a> tig.Insight into the new initiative by the government agency and the reason for the decision is not known. In March of last year, digital currency company Coinbase was compelled by law to provide information for around 13,000 accounts.On <a href=https://www.stanleycups.pl>stanley cup</a> e version of the letter asks taxpayers who think they have followed the law to sign a statement saying as much under the penalty of perjury. The letter also said the IRS may be in touch with them.IRS Criminal Investigations Chief Don Fort said the agency is also planning to soon bring some cryptocurrency tax evasion cases to court. The IRS has information involving which Coinbase customers bought, sold, received or sent crypto worth $20,000 or more between 2013 and 2015.When it comes to taxes, digital currency is looked at the same way as an investment property or real estate.Earlier this month, Coinbase reported that the IRS may be thinking about subpoenaing large technology firms in search of taxpayers Zfie Stripe Launches Chargeback Protection Service
The British pound suffered at the hands of a flash crash Friday, the likes of which have not been seen since the famous flash crash that occurred years ago and roiled U.S. equity markets.As reported by CNN Money and numerous...

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