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What's worse, figuring out your evasion or fraud, said David its innovation, they are also interest, penalties, or even criminal.
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Crypto Tax FAQs: What If I Don't Get a 1099 from Coinbase or Other Exchanges?The IRS is focused on crypto. Failure to report gains can lead to penalties and even criminal charges. Look at the consequences of unreported crypto. No sale, no tax? Not so fast. If you received crypto as income, you do need to report it as income, even if you didn't sell it. If you don't report crypto on your taxes can have serious consequences such as fines, audits, and other penalties. If you've neglected to report.
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