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New IRS Crackdown Proposed

The Internal Revenue Service (IRS) said it would increase enforcement in the area of digital asset transactions and listed transactions.

The federal agency identified certain transactions to have high-risk issues in noncompliance and vowed to ramp up enforcement in those transactions.

“The IRS tracks many known, high-risk issues in noncompliance, such as digital asset transactions, Best PDF Editor listed transactions and certain international issues. These issues arise in multiple taxpayer segments, and data analysis shows a higher potential for noncompliance,” the tax agency wrote in its newly-released funding plan (pdf).

More: https://www.theepochtimes.com/irs-to-prioritize-enforcement-including-criminal-investigation-for-certain-assets_5181321.html?utm_source=top5noe&src_src=top5noe&utm_campaign=top5-2023-04-16&src_cmp=top5-2023-04-16&utm_medium=email&est=2SJKowNXnNO9YmGpbAiHpo394CpR4vuS2cPJ6EDDxQUHfNlDP8AI%2FQnAIi3iAHoWPzo15vvDSg%3D%3D

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