Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains

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 […]

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