The IRS is turning the spotlight on cryptocurrencies, after adding the question: "At any time...
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Accounting
The IRS is turning the spotlight on cryptocurrencies, after adding the question: "At any time during 2020, did you receive, selll, send, exchange, or otherwise acquire any financial interest in any virtual currency?", on the tax form.
a. What is cryptocurrency?
b. Do you think the IRS should tax cryptocurrency transactions?
c. What can the IRS use to analyze and trace these transactions?
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