Got Crypto Currency assets? Beware – the IRS will give your returns more scrutiny

Crypto currencies are going to be a red flag for a while, like cannabis. You can minimize your risk by making sure you don’t have any other red flags in your return. Make sure your business expenses are reasonable. Ensure you button up everything so nothing looks out of the ordinary. If the IRS sees your used cryptocurrency in a transaction and other red flags exist in your return you’re a shoe-in for being audited.

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