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The IRS is sending out letters to Virtual "Crypto" Currency account holders


Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or cryptocurrency. In late 2017 Bitcoin reached a value as high as almost $20,000 per coin. Bitcoin is off to a hot start in 2020, and the IRS is becoming much more aware of all not just Bitcoin, but all forms of Virtual "Crypto" Currency. It's important to stay a float on the latest updates and news with government officials regarding this if you are trading any forms of virtual currency.

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