IRS criminal investigators have recently announced that cryptocurrencies and NFTs are being used to launder money, manipulate markets, and no surprise… evade taxes. ie. cryptocurrency tax evasion.
With digital assets becoming more popular, they’ve been a growing concern for government agencies, especially the IRS. Regulators are now forced to figure out how to trace transactions and carry out enforcement activities to deter illegal activity.
If you’re an investor in cryptocurrencies or NFTs, then you need to pay attention, because the IRS is cracking down.
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