Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The tax man vs. Crypto investor https://t.co/SRvlKzVskN
Crypto tax cheats just might have more to worry about this filing season as a newly confident IRS worked with the DOJ on the first standalone criminal charges for crypto tax fraud. https://t.co/uP0xnakjIc
if you're booking a lot of gains recently don't forget to track tax liability (especially in the US) a general rule if you're making a lot is to set aside 50% of gains from each short-term trade i know it hurts, but not as much as owing more than you have left in April 2025...
The IRS is cracking down on crypto tax evasion, with reports of Poloniex transactions from 2017 being scrutinized. Tax experts warn of significant penalties for non-compliance, advising to track gains and set aside 50% for taxes to avoid future financial strain. The IRS, in collaboration with the DOJ, is pursuing criminal charges for crypto tax fraud, signaling a tougher stance this filing season.
