lucas_lewis_inventor
Sun Dec 22 2024
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8 answers
1261
What happens if you don't report Bitcoin to IRS?
I'm wondering about the consequences of not reporting Bitcoin to the IRS. I've heard there might be some issues with taxes and legal troubles if it's not done properly, but I'm not sure exactly what would happen.
BlockchainVisionary
Sat Mar 30 2024
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7 answers
1567
What is the penalty for not reporting cryptocurrency?
Good day, I am a bit confused about the regulations surrounding cryptocurrencies. I understand that there are certain obligations when it comes to reporting one's crypto assets and transactions. But what exactly happens if someone fails to do so? What are the consequences? I'm asking because I want to ensure that I am fully compliant and don't run the risk of falling foul of the law. Could you please clarify this matter for me?
Rosalia
Sat Mar 30 2024
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5 answers
1230
What is the penalty for not reporting crypto?
I'm a bit hazy on the regulations surrounding cryptocurrencies. If I fail to report my crypto transactions or holdings, what sort of penalties might I face? Are the consequences severe, or is it more of a slap on the wrist? I'm just trying to get a clear understanding of the risks involved.
