Cryptocurrency Q&A
What happens if you don't report Bitcoin to IRS?
What happens if you don't report Bitcoin to IRS?
lucas_lewis_inventor
Sun Dec 22 2024
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8 answers
1261
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.
8 answers
Chiara
Tue Dec 24 2024
Form 14457 is available for declarations.
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SamsungShineBrightnessRadianceGlitter
Tue Dec 24 2024
Tax evasion penalties can be severe.
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CryptoConqueror
Tue Dec 24 2024
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GangnamGlitz
Tue Dec 24 2024
Imprisonment is another consequence.
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Carolina
Mon Dec 23 2024
Compliance with tax laws is crucial.
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