Coinnounce
2021-05-21 08:16:56

The U.S Treasury has called for crypto transfers above $10,000 to be reported to IRS.

The U.S Treasury said the current administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least US$10,000 of cryptocurrency to be reported to the Internal Revenue Service. “As with cash transactions, businesses that receive cryptocurrencies with a fair market value of more than US$10,000 would also be reported on,” the Treasury […]

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