The IRS has gotten a formidable new tool as it ratchets up its cryptocurrency tax prosecutions, thanks to a series of court victories backing its demands for unnamed taxpayers’ cryptocurrency records.
The Internal Revenue Service has signaled that a wave of tax prosecutions involving cryptocurrency is coming. Its Criminal Investigations division is building hundreds of cryptocurrency cases, with about half of those investigations focused specifically on tax crimes, according to division Chief Jim Lee. Others target money laundering, he said.
Lee made the comments in the wake of several federal courts authorizing the IRS ...
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