The US Internal Revenue Service strengthens encrypted tax supervision, and the deadline for filing is approaching

The US Internal Revenue Service (IRS) is strengthening tax compliance supervision for encrypted assets, with the April 15th filing deadline approaching and law enforcement efforts continuing to increase. The report shows that about 61% of US cryptocurrency investors are not yet aware of the new 2025 tax year regulations, and about 52% are concerned about being penalized for filing errors. The new regulations require brokers to report digital asset trading revenue for the first time through the 1099-DA form, but the cost basis needs to be calculated by investors themselves. Industry insiders suggest that investors fully record transaction and wallet data and accurately declare them to avoid legal risks.