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What are the changes in the IRS fiscal year that could affect cryptocurrency investors?

avatarLoft NorwoodNov 27, 2021 · 3 years ago1 answers

What are the specific changes in the IRS fiscal year that could impact cryptocurrency investors?

What are the changes in the IRS fiscal year that could affect cryptocurrency investors?
Cryptocurrency
IRS
Fiscal Year

1 answers

  • avatarNov 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, believes that the changes in the IRS fiscal year will have a significant impact on cryptocurrency investors. The updated tax reporting requirements mean that investors need to be more diligent in keeping track of their transactions and reporting them accurately. Failure to comply with the new regulations could result in penalties or audits. It's crucial for investors to stay informed about the changes and seek professional advice if needed to ensure compliance with the IRS guidelines.

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