The IRS Criminal Investigation unit seized about $7 billion in cryptocurrency in 2022, double the previous year’s total, an agency official said Tuesday.
Over the past three years, there has been a shift in cryptocurrency inventory, said Jim Lee, IRS Chief of Criminal Investigation, at a conference hosted by the American Institute of CPAs.
Tax-related crypto cases are becoming increasingly common, with half of the cases being money laundering-related and half tax-related, Lee said.
“It’s becoming more mainstream and we are really paying attention to it,” Lee said.
- The investigations unit identified $32 billion in ...