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    • Managing Partner
    • Brochures
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  • Entrepreneurs
  • Lifecycle
    • GAP Planning
    • Selling Versus a Family Succession
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    • Managed Accounting
    • Tax
    • Financial Reporting
    • Exit & Succession Planning
    • Restaurant & Hospitality Support
  • Careers
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The IRS is targeting business transactions in bitcoin and other virtual currencies

NewsBy Jeff LuckeAugust 7, 2019

More businesses are accepting bitcoin and other virtual currency payments, and the IRS is taking notice. The agency just announced it is sending letters to taxpayers who potentially failed to report income and pay tax on virtual currency transactions or didn’t report them properly. The letters urge taxpayers to review their tax filings and, if…

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