Express
Forbes: IRS Is Launching a New Anti-tax Fraud Initiative to Dig Up Unreported Crypto Transactions
Summary: The IRS is launching a new anti-tax fraud initiative called Operation Hidden Treasure, according to Forbes. A joint effort from the IRS’ Fraud Enforcement Office and its Criminal Division, the task force will dig up unreported crypto transactions and hold would-be tax evaders accountable. Roger Brown, head of tax and regulatory affairs at the crypto ...
The IRS is launching a new anti-tax fraud initiative called Operation Hidden Treasure, according to Forbes. A joint effort from the IRS’ Fraud Enforcement Office and its Criminal Division, the task force will dig up unreported crypto transactions and hold would-be tax evaders accountable.
Roger Brown, head of tax and regulatory affairs at the crypto data company Lukka, said that since the effort is being jointly handled with the criminal division, it’s going to be looking specifically at intentional concealment, rather the kinds of underreporting that might be categorized as civil tax fraud.
By Amy Liu
Tags: Crypto,IRS,Tax
Link: Forbes: IRS Is Launching a New Anti-tax Fraud Initiative to Dig Up Unreported Crypto Transactions [Copy]
