Mining firm wants to help taxpayers avoid obligations by sending proceeds to IRAs

Cointelegraph

Published Jul 29, 2021 04:30PM ET

Updated Jul 30, 2021 06:00PM ET

North American mining and hosting firm Compass Mining is offering a new tax avoidance method for savvy crypto miners that file in the United States.

In a Thursday announcement, Compass Mining said it had partnered with IRA provider Choice by Kingdom Trust to help Bitcoin users mine directly to their IRAs “without ever triggering a taxable event.”

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