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IRS Brainstorms Investigation Tactics for Crypto Users
Summary: A recent slideshow published by the IRS gives pointers to tax agents when dealing with cryptocurrency users who are evading taxes. Agent James Daniel, the creator of the 181-page slideshow, explains in detail the steps an agent must take to track a bitcoin address. An excerpt from the slide show states that “Once a Bitcoin ...
A recent slideshow published by the IRS gives pointers to tax agents when dealing with cryptocurrency users who are evading taxes. Agent James Daniel, the creator of the 181-page slideshow, explains in detail the steps an agent must take to track a bitcoin address.
An excerpt from the slide show states that “Once a Bitcoin Address is identified, it can be looked upon a Bitcoin Blockchain Explorer to find information such as value, transaction times, transaction locations, which may help in corroborating information, identifying additional addresses, or assist in locating the subject…It can also be used to show if bitcoins were transferred after a seizure warrant was served, which is discussed below.”
Daniel makes a note to agents to be cautious because many crypto users could also have numerous crypto addresses. In the slides, it suggests the IRS might be teaming up with blockchain surveillance companies to aid with the investigations.
Author: Sofia Cabrera
Tags: Crypto Users,Cryptocurrency,Investigations,IRS,James Daniel
Link: IRS Brainstorms Investigation Tactics for Crypto Users [Copy]
