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The cryptocurrency landscape is rapidly evolving, and with it, the complexities of tax obligations. As more individuals enter the crypto space, understanding potential tax missteps becomes paramount to avoid significant financial penalties. The IRS, and indeed tax authorities globally, are increasing their scrutiny, making compliance not just advisable, but essential. This guide delves into the common errors that can lead to hefty bills and outlines strategies for a smoother, more compliant crypto tax experience.
