New IRS warning letters target crypto investors who misreported trades
According to a report from CoinDesk the IRS is sending out a new round of letters to crypto users. Unlike previous letters, which mainly reminded individuals to ensure they reported their crypto trades correctly, the new letters come with a suggested amount that needs to be paid. Recipients have 30-days to pay the amount being requested or respond with reasoning and documentation showing why they don't owe the amount.
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