The IRS (Internal Revenue Service) is ramping up its crackdown on crypto tax evasion through its Criminal Investigation Division ahead of the April 15 tax filing deadline. A key change for this year’s tax filing is the introduction of the 1099-DA form, which requires brokers to report the total amount of users’ digital asset transactions. However, reporting cost basis is not yet mandatory, meaning investors need to calculate their own costs to avoid overpaying taxes. Data shows that 61% of U.S. crypto investors are still unfamiliar with the new regulations. Officials warn that voluntarily reporting is far less severe than being caught, as serious tax fraud could result in hefty fines and imprisonment. (DL News) https://(wublock123.com)/news/irs-tightens-crypto-tax-enforcement-before-april-15-deadline-59510