Recent IRS Cryptocurrency Memorandum: Surprise, Surprise, It’s Still Taxable – Forbes
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As tax season approaches for many, taxpayers and tax professionals engage in the annual ritual of collecting their cryptocurrency transactions and researching the latest and greatest guidance from the IRS on the subject. Luckily, the IRS recently issued an internal memorandum explaining its position on the taxation of virtual currency received in exchange for the provision of services.…
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