IRS to Ramp Up Prosecutions for Crypto Tax Evasion This Year
Key Takeaways The IRS is preparing for an increase in cryptocurrency-related tax evasion cases this year; Guy Ficco, IRS criminal investigation chief, highlighted a shift from crypto being primarily associated with other financial crimes to being directly involved in tax evasion; The IRS is collaborating with Chainalysis and other firms to improve its tracking and prosecution of crypto tax crimes.
Key Takeaways
- The IRS is preparing for an increase in cryptocurrency-related tax evasion cases this year;
- Guy Ficco, IRS criminal investigation chief, highlighted a shift from crypto being primarily associated with other financial crimes to being directly involved in tax evasion;
- The IRS is collaborating with Chainalysis and other firms to improve its tracking and prosecution of crypto tax crimes.
