How the IRS tracks down people who don’t report their crypto

by Aurelia Butler 30 October 2020, 22:00 189 Views

“In the typical tax system, the IRS uses 1099 reporting,” Walker told Cointelegraph in an interview. “So, 1099, W2, that tax reporting, it’s the primary tool that they use to enforce tax compliance,” she added. When people fail to report their crypto activities, the IRS is left with a headache.

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Source: Cryptocurrency - investing.com

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How the IRS tracks down people who don’t report their crypto

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