Those who have invested in Bitcoin and other virtual currencies should take heed as the IRS establishes an enforcement initiative for cryptocurrencies and how US taxpayers report these on all tax returns. The IRS believes millions of transactions involving US taxpayers have occurred with exchanges such as Coinbase, and is...
The IRS is Cutting 7000 Jobs – Are We all Free of Audit Concerns Now?
The IRS has announced that it is cutting 7000 jobs in 3 centers. Does this mean we are all free of audit concerns now? Well, like any well crafted business contract you have to read the fine print! The IRS will be reducing its workforce by 7,000 employees through planned...