IRS Launches Compliance Campaign Aimed At Virtual Currency Investors


On July 2, the Large Business and International (LB&I) arm of the Internal Revenue Service (IRS) announced the development of five new compliance campaigns. These campaigns are to focus on an assortment of regulations, including those connected to the taxation of gains received from investing in cryptocurrency.

A compliance campaign is a way in which the IRS targets those who might not be adhering to current tax laws, such as by not reporting capital gains from bitcoin trades.

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