The Internal Revenue Service (IRS) was authorized by a federal court in USA activate the research framework, known as “John Doe Summons” on cryptocurrency transactions Kraken.
The aim of the investigation is to identify American taxpayers who have used the reported cryptocurrency, as announced yesterday, Wednesday, by the US Department of Justice, according to AMPE.
The IRS is looking for information on taxpayers who traded at least $ 20,000 in the reported cryptocurrency between 2016 and 2020, according to a Justice Department statement.
“Those who traded using cryptocurrencies will have to pay their taxes, just like any other taxpayer,” said David Hubert, the acting assistant minister of justice in the same department.

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.