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WASHINGTONThe Internal Revenue Service today reminded taxpayers that they must again answer a digital asset question and report all digital asset related income In its quest to increase tax revenue coffers, the IRS is on the hunt for both serious and casual crypto investors who haven’t reported properlyand the agency is encouraging people to Crypto platforms will have to start reporting traders' sales proceeds to the IRS. While people who own and sell cryptocurrency have always had to pay taxes on their The IRS has proven its resolve in tackling tax reporting issues in the cryptocurrency space. In 2025, the agency compelled Coinbase to release data on 13,000 On the hunt for tax cheats, Uncle Sam is winning court battles to force cryptocurrency exchanges to reveal their customers. Your big unreported profits on bitcoin The IRS has just announced that they are delaying crypto tax rules until 2025. This is a huge change that has stirred up conversations about voluntary compliance in the The confusion stems from IRS Notice 25-7, a temporary relief notice that did not eliminate crypto tax reporting. Instead, it granted a one-year extension on the

IRS on the Hunt: Are Crypto Users Avoiding Taxes?

The Internal Revenue Service (IRS) is intensifying its efforts to ensure cryptocurrency users are paying their fair share of taxes. WASHINGTON—The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset question and report all digital asset related income. Understanding your crypto tax obligations is crucial to avoid penalties and potential legal issues.

IRS Scrutinizes Crypto Income

In its quest to increase tax revenue coffers, the IRS is on the hunt for both serious and casual crypto investors who haven’t reported properly, and the agency is encouraging people to come forward voluntarily if they've made errors. Ignoring your crypto tax obligations is a risky game. Your big unreported profits on bitcoin are not invisible.

New Reporting Requirements for Crypto Platforms

The landscape of crypto tax reporting is changing. Crypto platforms will have to start reporting traders' sales proceeds to the IRS. While people who own and sell cryptocurrency have always had to pay taxes on their gains, this new level of scrutiny means increased transparency and a greater likelihood of detection for those attempting to evade taxes. Stay informed about the latest regulations to ensure compliance.

IRS Wins Court Battles, Accesses Customer Data

On the hunt for tax cheats, Uncle Sam is winning court battles to force cryptocurrency exchanges to reveal their customers. The IRS has proven its resolve in tackling tax reporting issues in the cryptocurrency space. In 2025, the agency compelled Coinbase to release data on 13,000 users. This demonstrates the IRS's commitment and ability to access user data from crypto exchanges.

Crypto Tax Rules Delayed Until 2025: What You Need to Know

The IRS has just announced that they are delaying crypto tax rules until 2025. This is a huge change that has stirred up conversations about voluntary compliance in the crypto world. But be careful! The confusion stems from IRS Notice 25-7, a temporary relief notice that did not eliminate crypto tax reporting. Instead, it granted a one-year extension on the implementation of certain rules. You are still responsible for reporting your crypto activity and paying taxes on any gains in the current tax year. Consult with a tax professional to understand how this delay affects your specific situation and maintain compliance. Don't let the delay lull you into a false sense of security.

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