By Chris Gaetano, includes “The IRS has released a draft of its proposed new Form 1040, which, among other changes, puts more emphasis on cryptocurrency transactions, according to Accounting Today. While the IRS began asking about such transactions on the form for last year, this year's form puts the question much higher up … The move indicates that the IRS is following through with earlier announcements that it intends to focus particularly hard on cryptocurrencies, as many holders, due to the difficulty of tracing the owner of many digital currencies, did not report the income to the government.”
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