The IRS Getting Clearer on Crypto Questions

The IRS is determined to find crypto tax evasion.

This year will be over before you know it. Once the calendar year closes and the dust settles, whatever you gained or lost is supposed to get tallied and reported. So sayeth the IRS–and they are so serious about it they give us over three months to get the data together.

Now they are getting serious about another aspect of income: cryptocurrency.

Crypto has been growing exponentially, but so are people’s crypto tax problems. The IRS is making crypto a top priority. They are making crypto tax changes and making progress in catching tax evaders.