Avoiding taxable income from virtual currency can bring some serious consequences. If someone is paying you in Bitcoin you have to include it as a taxable event.
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Don’t be subject to penalties when you’re investing in cryptocurrency. If you own Bitcoin you have to report it.
If you receive a letter by the IRS regarding any virtual currency, it should be taken serious.
Learn more about Cryptocurrency taxes here
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.