The IRS is pouring more resources into detecting “high-risk” noncompliance issues associated with digital assets, according to its strategic operating plan.
The agency will use some of the $80 billion in funding provided by the new tax-and-climate law to thoroughly examine issues surrounding digital asset transactions, listed transactions, and certain international issues—resources the IRS said it didn’t previously have for this purpose.
The monetary boost from Congress will allow the agency to deploy “new digital tools and analytics capabilities” to address “emerging issues,” including digital assets. It’s unclear how much money will be apportioned to ...
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