IRS eyes Bitcoin ATMs amid cryptocurrency tax concerns

As the number of Bitcoin ATMs across the world seemingly increases, so does the Internal Revenue Service‘s (IRS) focus on them. According to Bloomberg Law, a senior agency official said last week that criminal investigators at the IRS were “very” focused on the potential tax implications raised by cryptocurrency kiosks and ATMs. “We’re looking at those, and the ones that may or may not be connected to bank accounts,” IRS criminal investigation chief John Fort told Bloomberg Law. “In other words, if you can walk in, put cash in and get Bitcoin out, obviously we’re interested potentially in the person…

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