There is much confusion over how to tax a new form of currency. This new form of currency, referred to as cryptocurrency, involves the use of digital currency like Bitcoin. Investors purchase Bitcoins and use them to make other purchases in the...

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A recently released report by the Internal Revenue Service Advisory Council says that the IRS goal of tax filing compliance might be hindered more than helped by the agency's penalties. The report urges the IRS to conduct a review of its fines to...

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