Sentences with «income tax consequences of virtual currency transactions»
The IRS warned, «Taxpayers who do not properly report the income tax consequences of virtual currency transactions can be audited for those transactions and, when appropriate, can be liable for penalties and interest.» (ethnews.com)
As noted in the tax regulatory agency's March press release: «Taxpayers who do not properly report the income tax consequences of virtual currency transactions can be audited for those transactions and, when appropriate, can be liable for penalties and interest.» (fool.com)
In more extreme situations, taxpayers could be subject to criminal prosecution for failing to properly report the income tax consequences of virtual currency transactions. (cryptoninjas.net)