There’s a problem with under-reporting crypto transactions, the tax collection agency says
by Andrew Keshner
Market Watch
Cryptocurrency has gained prominence and value over the year, but the IRS says tax reporting hasn’t kept up.
The IRS issued Circle with a summons, which is part of an ongoing investigation by the Internal Revenue Service to make sure all sorts of cryptocurrency users across the board are reporting and paying up their tax obligations, the government explained in court papers.