The Internal Revenue Service (IRS) has introduced a new form in its crypto tax audits, requiring taxpayers to disclose a complete history of the exchanges and wallets they have used. The form lists over 100 platforms, including exchanges such as Coinbase, Binance, Kraken, FTX, and Mt. Gox, as well as self-custodied wallets like MetaMask, Ledger, and Trezor. Taxpayers receiving the form are required to mark each platform as "yes" or "no" and sign the document, with the act of signing subject to perjury penalties. This document is believed to be designed to map a taxpayer's complete crypto asset activity across multiple exchanges and wallets, potentially spanning several years. Tax professionals warn that omitting platforms could trigger further scrutiny, while excessive disclosure could open new investigative leads, advising taxpayers to consult a crypto tax lawyer before signing. The audit typically focuses on three groups: those who answered "yes" to the digital assets section of Form 1040 but reported very little activity; those whose DA (Digital Assets) earnings do not match their reported activity; and high-frequency traders during the 2017-2021 bull market. (Bitcoin News)