IRS cracking down on tax evasion in cryptocurrency industry
The IRS investigated nearly 400 cases involving virtual currency. It’s trying to find taxpayers who leave digital assets off their tax returns.
The IRS investigated nearly 400 cases involving virtual currency. It’s trying to find taxpayers who leave digital assets off their tax returns.
About 580,000 Oregon residents will be eligible to use the IRS’ Direct File platform next filing season, as long as the program remains funded.
A backlog of paper-based tax returns and correspondence hobbled the IRS at the height of the COVID-19 pandemic.
The IRS is trying to reverse more than a decade of declining audits among the highest-income taxpayers, as well as complex partnerships and corporations.