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Law360 Quotes MICHEL STEIN: 3 Ways To Disclose Cryptocurrency Transactions To The IRS

The Internal Revenue Service has made cryptocurrency tax compliance one of its top priorities and has recommended that virtual currency users come clean  to the agency if they haven’t disclosed transactions in the past.

While filing an amended return along with paying all tax and interest due is generally recognized as a way to correct noncompliance, there are Disadvantages, such as being exposed to criminal or fraud penalties, according to Michel Stein, principal at Hochman Salkin Toscher Perez PC.

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