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The IRS Hopes to Combat Bitcoin Tax Evasion with Tracking Software

Wed Aug 23, 2017 5:34 pm

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Bitcoin’s anonymity or rather, the lack thereof, has become a major talking point in the Bitcoin community and a focus of investigation for law enforcement agencies as well as, as it turns out, the taxman.

According to a report by The Daily Beast, the US Internal Revenue Service (IRS) has contracted the blockchain start-up Chainalysis Inc. to use their bitcoin transaction tracking software that could enable the tax collection agency to identify bitcoin users who have not been reporting their investment income in their annual tax filings...

Read more Here:

https://btcmanager.com/irs-using-tracki ... x-evasion/

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