Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains

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Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains

   Bitcoin bitcoin sales BTC crypto Cryptocurrency DOJ frank ahlgren Fraud Gains IRS prison Restitution Tax tax loss taxes Texas    September 15, 2024  |  0

Bitcoin Investor Faces Prison Time for Underreporting Crypto GainsA bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions to the IRS. The bitcoin investor now faces up to three years […]  Read more »
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