bitcoin

Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains



Bitcoin Investor Faces Prison Time for Underreporting Crypto GainsA bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions to the IRS. The bitcoin investor now faces up to three years […]



READ SOURCE

Readers Also Like:  Spot Crypto ETFs: Big Gains for Some, Losses for Others—Here’s the Full Breakdown

This website uses cookies. By continuing to use this site, you accept our use of cookies.