The IRS Is Quietly Turning Crypto Taxes Into an Automated System and Many Traders Haven’t Noticed Yet

The Internal Revenue Service (IRS) is discreetly transforming the way cryptocurrency taxes are managed by developing an automated system that streamlines the process. This significant shift is occurring under the radar, and as a result, many cryptocurrency traders and investors may not be fully aware of these changes or the implications they could have on their tax obligations and reporting requirements. This automation could simplify compliance and enhance accuracy in tax reporting, but the lack of awareness among traders could lead to potential pitfalls or mistakes if they do not adjust their practices accordingly. source: https://blocknews.com/the-irs-is-quietly-turning-crypto-taxes-into-an-automated-system-and-many-traders-havent-noticed-yet/