IRS Intensifies Scrutiny Of Crypto With Surge In Warning Letters
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As crypto prices see a new rebound with Bitcoin (BTC) leading the pack, US investors are not only anticipating significant returns on BTC and other digital assets but also facing increased scrutiny from the Internal Revenue Service (IRS).
Recent reports indicate that the Internal Revenue Service has dispatched a wave of warning letters to crypto investors, raising alarms about the accuracy of the information they provided on their tax returns.
Crypto Tax Inquiries Skyrocket
In the past two months, the number of these warning letters has spiked, signaling a renewed focus on digital asset…
