According to a news release today by the IRS, taxpayers who do not properly report the income tax consequences of virtual currency transactions can be audited for those transactions and, when appropriate, can be liable for penalties and interest. In
IRS reminds taxpayers to report virtual currency transactions
![IRS reminds taxpayers to report virtual currency transactions IRS reminds taxpayers to report virtual currency transactions](https://momandpoptaxshop.com/wp-content/uploads/2018/03/mom_and_pop_tax_shop_breaking_news.jpg)