Posts on the Topic Audit

Crypto tax audits are increasing as authorities like the IRS enhance enforcement on cryptocurrency transactions, focusing on compliance and revenue generation. Key triggers for these audits include significant gains or losses, discrepancies in reporting, and failure to report crypto income....

The article highlights the growing need for crypto tax attorneys as cryptocurrency regulations evolve, emphasizing their role in ensuring compliance, strategic planning, and handling audits or disputes. It underscores the complexities of tracking transactions, determining taxable events, and navigating international...