BITCOIN

Infrastructure Bill IRS $ 10,000 Bitcoin

According to U.S. Internal Revenue Service (IRS) publication 1544, any person who earns more than 10,000 10,000 in cash for 12 months due to a business or occupation must report to the IRS and the Financial Crimes Enforcement Network (FinCEN) Form 8300, however. And increasing this requirement for other cryptocurrencies. Once enacted, the law would require any U.S. person receiving more than 10,000 10,000 in cryptocurrency to report to the authorities, including the producer’s personal information, Social Security Number (SSN).



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