IRS plans lower tax disclosure penalties, including for crypto: Forbes
Summary
The United States tax authority is developing a program overhaul to reduce disclosure penalties. The upcoming changes aim to provide more flexible payment options and faster resolutions for individuals who voluntarily report past tax violations, including cryptocurrency infractions.
The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.
Source: Read the full story at Cointelegraph.com News
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