[U.S. Virtual Currency Tax Filing Rate Only 32% to 56%, IRS to Implement Form 1099-DA] According to a report by U.S. CNBC, a study published in the *Review of Accounting Studies* shows that among U.S. taxpayers holding virtual currencies, the actual rate of reporting transactions to the federal government is between 32% and 56%. Starting in 2025, the IRS will mandate intermediaries to submit Form 1099-DA. In its initial year, the form will only require reporting of total proceeds, with the obligation to report acquisition costs to be included starting in 2026.