IRS issuing a series of urgent letters to over 10,000 taxpayers regarding their virtual currency transactions.

The IRS started sending out letters mid-July to taxpayers who have participated in virtual currency transactions. The letters consist of three different versions: Letter 6174, Letter 6174-A, and Letter 6173. Each letter's intention, according to the IRS, is to "strive to help taxpayers understand their tax and filing obligations and how to correct ...
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