IRS to Release Tax Rules for Crypto Investors

The IRS (Internal Revenue Service) says it is making crypto tax guidelines a priority and plans to issue clearer guidance toward cryptocurrency taxation soon, but the agency has a history of moving at a snail’s pace. Last September, a group of U.S. bureaucrats wrote formal letter to IRS which read: [We] strongly urge the IRS to issue updated guidance, providing additional clarity for taxpayers seeking to better understand…”

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