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November 29, 2022

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IRS enforcement initiative “Operation Hidden Treasure” to mine for unreported crypto income

The agency’s efforts will focus on cryptocurrency-related failure to report income that may result in civil or criminal liability. Virtual currencies like Bitcoin, Ethereum or Litecoin exist digitally in intangible units called coins or tokens on decentralized ledgers. Despite the name “currency,” governments do not issue them. When people subject […]

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