Duke Loves Taxes

IRS to Go After Crypto Investors


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If you go to the bank and deposit more than $10,000 in cash, your bank has to report the deposit to the IRS by filing form 8300Why am I telling you this?Because today the IRS announced that they want the same rule to apply to cryptocurrency transfersThinking about just transferring $9,999?That’s called “structuring” it’s also illegal and you will get caughtUgh, why are they doing this?Because Biden needs a way to fund his American Families Plan which will give parents monthly checks, and provide free community college. To do this he wants to after cryptocurrency investors and tax cheats to make sure they paying their fair share of taxes
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Duke Loves TaxesBy Duke Alexander Moore