The True Cost of Crypto Taxes as IRS Audits Increase

As the new year rings in we are seeing more prevalent IRS action within the crypto space. The IRS has identified a potential 75% non-compliance rate in crypto tax reporting and plans to remedy this through enforcement actions. They have already begun the first steps with the Kraken Jon Doe summons, 1099-DA roll out and other measures.   source: https://www.benzinga.com/markets/cryptocurrency/24/02/36939561/the-true-cost-of-crypto-taxes-as-irs-audits-increase?utm_campaign=partner_feed&utm_source=cryptopanic.com&utm_medium=partner_feed&utm_content=site