IRS Uses AI to Detect Crypto Tax Fraud

The Internal Revenue Service (IRS) is enhancing its oversight of cryptocurrency transactions through the use of artificial intelligence (AI). In a groundbreaking move, the IRS released a draft of Form 1099-DA for Digital Asset Proceeds From Broker Transactions, signaling a significant step forward in the enforcement of crypto tax compliance. Concerns Rise as IRS Employs AI to... source: https://beincrypto.com/irs-uses-ai-detect-crypto-tax-fraud/