IRS to Expand Crypto Tax Evasion Investigation! Hundreds of Cases to be Disclosed Soon

According to Bloomberg Tax, Jim Lee, head of the criminal investigation division of the IRS, stated that the IRS is about to disclose hundreds of cases involving cryptocurrencies, including cases related to the exchange of cryptocurrencies to fiat currencies, as well as instances where individuals use cryptocurrency for payments without reporting it as income.

According to a report by Bloomberg Tax, Jim Lee, head of the criminal investigation division at the IRS, stated that the IRS is about to disclose hundreds of cases involving cryptocurrency, including cases of cryptocurrency-to-fiat currency transactions, as well as individuals using cryptocurrency for payments without reporting it as income.

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