U.S. residents who owe more than $59,000 in back taxes and are planning to travel abroad should allow at least several months to negotiate a settlement with the Internal Revenue Service or risk having their passports denied or revoked.
CryptoTaxAudit, a full-service crypto tax and compliance firm, has launched the Crypto Tax Amnesty Initiative, which encourages US taxpayers to support a tax amnesty program for crypto traders and investors. According to industry observers, 20% of U.S.
