Bitcoin Tax Evaders Will Be Criminally Prosecuted, Warns IRS Agent

By CCN Markets: The IRS will soon hunt down bitcoin users who don’t pay taxes by criminally prosecuting them en masse. That’s the prediction of IRS tax investigator Gary Alford, who says the agency is ready to clamp down on crypto tax evaders. Alford says the IRS has usually been lax about pursuing new tax cases due to the rapidly-evolving tech industry. In other words, the law has often not kept up with technological advances. But Alford says this time, the IRS is “ahead of the curve.” The Internal Revenue Service will release new guidance for cryptocurrencies in late-June or

The post Bitcoin Tax Evaders Will Be Criminally Prosecuted, Warns IRS Agent appeared first on CCN Markets

Source: Bitcoin CNN