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Partner Kayvan Sadeghi was quoted on two recent lawsuits filed by the Internal Revenue Service (IRS) against cryptocurrency exchange users who may not have reported nor paid taxes on income from their crypto transactions on the Circle Internet Financial Inc. and Payward Inc. platforms.
“I think there’s going to be a real reckoning with respect to the 2020 tax year,” Kayvan said. He noted that crypto holders generally made more money in 2020 than in 2019 or 2018.
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