IRS Intensifies Oversight on Crypto Tax Compliance Ahead of Deadline

The U.S. Internal Revenue Service (IRS) is ramping up its enforcement of tax compliance for cryptocurrency assets as the April 15 filing deadline approaches. According to Odaily, enforcement actions are intensifying in response to the upcoming deadline. A report indicates that approximately 61% of U.S. crypto investors are unaware of the new filing rules for the 2025 tax year, and about 52% are concerned about penalties for filing errors. The new regulations require brokers to report digital asset transaction income to the IRS for the first time using the 1099-DA form, although investors must still calculate the cost basis themselves. Industry experts note that the current regulatory environment has become more stringent, urging investors to maintain comprehensive records of transactions and wallet data and to file accurately to avoid potential legal risks.