To get my complete, FREE article
with all the details…
NOTE: In this email, we’re defining “cryptocurrency” as digital money that can be accepted as payment by willing partners. Think Bitcoin and other “coins.”
Be warned!
The IRS is now taking a close look at your cryptocurrency activities.
That’s right. The IRS is now strictly enforcing compliance with the relevant cryptocurrency tax laws and collecting every penny they’re entitled to.
It’s important to know how
the IRS defines cryptocurrency.
The IRS takes the position that cryptocurrency is “property” for federal income tax purposes.
Because it’s property, you need to report taxable gains or losses on your 1040 when you exchange cryptocurrency for goods or services!
Failure to comply means serious penalties.
If you fail to report cryptocurrency transactions on your Form 1040 and get audited, you could face paying interest, severe penalties, and criminal prosecution if you really press your luck.
Here’s how to avoid BIG trouble.
First, recognize that the IRS’s enforcement efforts are deadly serious. DO NOT TAKE THEM LIGHTLY!
Second, get the facts in easy-to-understand language from a source you can trust. The Tax Reduction Letter.
We’ll tell you everything you need to know when you…
CLICK HERE and read my new, complete article titled: