TITLE

Additional IRS Guidance Could Reduce Tax Compliance Risks

AUTHOR(S)
White, James R.
PUB. DATE
June 2013
SOURCE
GAO Reports;6/17/2013, preceding p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article reports on works of the U.S. Government Accountability Office (GAO) to create a medium of exchange for goods and services. It discusses virtual currencies have been producing income tax in several ways, tax requirement for the U.S. Internal Revenue Service (IRS), compliance and risk of virtual currencies and economies. It also mentions IRS provide information to taxpayers on the basic tax significant for virtual currencies on its website.
ACCESSION #
88409461

 

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