A significant focus on tax compliance and follow-up enforcement actions may be on the horizon. We previously reported that the Internal Revenue Service (IRS) Cyber Crimes Unit had signaled its determination to increase...more
The Internal Revenue Service (IRS) has signaled for years that it would eventually bring enforcement actions against individuals who failed to report cryptocurrency gains. It appears that “eventually” is over and that those...more
8/24/2019
/ Capital Markets ,
Criminal Prosecution ,
Cryptocurrency ,
Currency Exchange ,
Enforcement Actions ,
Enforcement Programs ,
Failure to Report ,
Income Taxes ,
IRS ,
Reporting Requirements ,
Tax Fraud ,
Trading Platforms