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The IRS Crackdown
The Internal Revenue Service is stepping up its crackdown on crypto tax evasion as the April 15 filing deadline approaches.
“This year, we are seeing the IRS clampdown on crypto tax evasion more than ever before,” Andrew Duca, founder of tax platform Awaken Tax, told DL News.
“The IRS’s Criminal Investigation division is going after crypto cases more and more,” he added.
The Coinbase and CoinTracker report described an “environment of high compliance intent but low functional understanding.”
Meanwhile, Duca reports that 52% of U.S. crypto investors worry they will file their crypto taxes incorrectly this year and face an IRS penalty.
“There have been so…
Read more on Benzinga
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