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Expert Analysis

Got Unreported Cryptocurrency Income? Mount A Defense

By Michael DeBlis (May 29, 2018, 4:52 PM EDT) -- On Feb. 23, 2018, the digital currency exchange Coinbase Inc. informed a group of around 13,000 customers that it would be turning over their user records to the Internal Revenue Service in response to the agency's court order. This decision represents a major policy change on Coinbase's part, as it had previously refused to share its customer information. Even if you're not among the 13,000 affected customers, owning cryptocurrency means you may well be exposed to IRS scrutiny in the near future....

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