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December 2016 Archives

What's the deal with Bitcoin and why is the IRS watching?

The Internal Revenue Service is coming after digital currency services and its users for information related to Bitcoin holdings. Bitcoin is a decentralized online crypto-currency. Its users are anonymous. This makes transactions tough to track, attracting the attention of government agencies like the IRS. Why? Because Bitcoin has been linked to criminal activity that law enforcement would like to stop.

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The Law Firm of Frank Stanley, PC
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