IRS Now Requires Tax Filers to Disclose Crypto Activities

Bitcoin.com | Dec 9, 2019 at 4:35 PM
  • The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019.
  • Tax experts are frustrated at the vagueness of the tax agency.
  • The J5 focuses on international tax evasion including the use of cryptocurrency to evade international tax obligations.