Irs Audits

the internal revenue service is warning more than 10,000 holders of cryptocurrency that they may be subject to penalties for skirting taxes on their v published on may 20, 2020 edit article view stats lance wallachstatus is online lance wallach managing director at veballc 208 articles the internal revenue service is warning more than 10,000 holders of cryptocurrency that they may be subject to penalties for skirting taxes on their virtual investments. the irs has begun sending letters to taxpayers who potentially failed to report income and pay taxes on cryptocurrency transactions, the agency said friday. the irs said it obtained the names of the taxpayers through “various ongoing irs compliance efforts.” this feb. 13, 2019, file photo shows multiple forms printed from the internal revenue service web page that are used for 2018 u.s. federal tax returns in zelienople, pa. irs data released thursday, april 25, shows that while the average refund fell, the tax filing season was largel