Crypto tax ‘a top enforcement priority,’ reminds IRS Commissioner

Cointelegraph

Published Sep 28, 2021 05:35AM ET

Updated Sep 28, 2021 07:20AM ET

The United States Internal Revenue Service continues to propose new tax reforms to regulate the crypto investments in the U.S., with the latest notice sharing tax obligations for the marijuana industry.

The notice, signed by IRS Small Business/Self-Employed Division Commissioner De Lon Harris, reflects the priorities of the United States federal agency to ensure cryptocurrency tax compliance among local businesses that grow, distribute and sell cannabis.

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