How crypto traders can avoid the wrath of the #irs
▻https://hackernoon.com/how-crypto-traders-can-avoid-the-wrath-of-the-irs-2259567ef936?source=rs
While independence from government intervention was one of the key tenets that #bitcoin was built on, the majority of cryptocurrencies now operate under far more scrutiny from the authorities than many early pioneers would have hoped for.Unsurprisingly, one of the most interested government authorities is the IRS. The tax agency has noticed the extraordinary profits that some individuals have made from cryptocurrency trading and made it its mission to identify what these successful individuals might owe.Certainly, its efforts have not been pitch perfect and the lack of complete guidance in various areas has done little to assist those who are trying to operate within the law. One thing is clear though; a practice of hiding your crypto trading activity is not the right course.Instead, (...)