U.S. lawmakers write to the IRS on Crypto Tax

U.S. lawmakers write to the IRS on Crypto Tax

The U.S. lawmakers have approached the Internal Revenue Service (IRS) in order to seek clarity on tax laws covering cryptocurrencies. An open letter was addressed to the IRS commissioner and other officials. The lawmakers stated, “We are concerned that the IRS is seeking to enforce guidance that does not adequately advice taxpayers of their obligations when using virtual currencies.”

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