New IRS Crypto Type May Set off ‘Phantom Good points’ and Undesirable Audits, Skilled Warns

The Inner Income Service’s new Type 1099-DA, whereas designed to streamline tax reporting for cryptocurrency customers, could inadvertently set off audits on account of incomplete price foundation knowledge supplied by exchanges, an professional warns. The ‘Phantom Achieve’ Lure The Inner Income Service (IRS)’s new Type 1099-DA, although well-intentioned, may unfairly goal many cryptocurrency customers for audits due […]



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