IRS Research Chief: Crypto Tax Evasion to Rise This Year
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15 April

The US IRS anticipates an increase in tax crypto cases as the April 15 deadline for citizens to file their taxes approaches.

The agency's head of criminal investigation, Guy Ficco, revealed this at the Chainalysis Links event in New York, stating that they are preparing to deal with the increase in tax-related fraud and evasion.

Ficco explained there will be more charges related to Title 26, a tax code that addresses citizens who intentionally evade taxes by falsifying or withholding their return documents.

He noted that while cryptocurrencies have been used primarily in financial crimes such as fraud and money laundering, there has recently been an increase in "purely cryptocurrency-related tax crimes," and more are expected in the future.

These could include failure to report income from cryptocurrency sales.

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