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US Congressmen blame crypto firms for 'tax gap' in letter to TreasuryTreasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel have been urged to 'bring the cryptocurrency industry into full tax compliance.' The duo highlighted an audit report from September 2020, wherein the Treasury Inspector General for Tax Administration (TIGTA) pointed out the IRS’ inability to identify pro-crypto taxpayers owing to the lack of reporting.
Source: Cointelegraph - 🏆 562. / 51 Read more »