Monday, July 29, 2019

Washington - IRS has begun sending letters to virtual currency owners advising them to pay back taxes, file amended returns; part of agency's larger efforts

The Internal Revenue Service has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions or did not report their transactions properly.

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European Parliament: AI Act: deal on simplification measures, ban on “nudifier” apps

The agreement between EU co-legislators aims to make it easier for providers to comply with the AI Act, while maintaining its main provision...