IRS gang’s inspector general: Work harder to not let cryptocurrency slow down the extortion

posted by
November 8, 2016
Nasdaq    
Posted in News

"The IRS isn't doing enough to monitor the use of virtual currency, the agency's inspector general said in a report Tuesday. There is 'little evidence of coordination' between different parts of the Internal Revenue Service on policing virtual currencies such as bitcoin, according to the Treasury inspector general for tax administration. As with cash, the anonymity of those digital transactions can aid taxpayers who want to hide payments from tax authorities." (11/08/16)

http://www.nasdaq.com/article/irs-needs-to-improve-monitoring-of-bitcoin-transactions-watchdog-says-20161108-00944  

Tags: , ,

Our Sponsors