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Monthly Archives: April 2018

IRS Reminds Taxpayers to Report Their Virtual Currency Transactions

The Internal Revenue Service reminded taxpayers on March 23,2018, that income from virtual currency transactions is reportable on their income tax returns. Virtual currency transactions are taxable by law just like transactions in any other property. The IRS has issued guidance in IRS Notice 2014-21 for use by taxpayers and their return preparers that addresses transactions…
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