Operation Hidden Treasure is HERE!
I told my clients about actions the IRS was taking to force the reporting of virtual currency transactions on their tax returns. 2 years ago the IRS issued 30,000 letters warning taxpayers as a shot across the bow. They have all the transactions from Coinbase at the minimum as a compromise with Coinbase. Be mindful of the perjury statement when signing your tax return and of the receipt sales, exchanges or dispositions of VCs. Please read the Forbes article if you doubt this post!
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Operation Hidden Treasure Is Here. If You Have Unreported Crypto, Get Legal Advice
IRS is stepping up Crypto enforcement with Operation Hidden Treasure. Spoiler Alert crypto holders are not so hidden.
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