Digital Asset Reporting

Covers legal requirements for reporting digital assets such as cryptocurrency and NFTs, including tax filings, brokerage and exchange reporting, and recordkeeping obligations. It also addresses compliance issues involving audits, disclosures, penalties, and cross-border reporting rules.

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Why the IRS Is Subpoenaing Your Exchange — Even If You Didn’t Trade

Why the IRS Is Subpoenaing Your Exchange — Even If You Didn’t Trade

The IRS can subpoena your crypto exchange even if you made zero trades because it uses John Doe summonses to obtain customer records and identify underreported income. Exchanges may be required to turn over account details, balances, and transaction histories tied to U.S. taxpayers. This article explains why subpoenas happen, what information is collected, and […]
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