屹泽
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屹泽
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High-Frequency Trader
11 Months
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IRSPlansLowerTaxDisclosurePenaltiesForCryptoCases
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#IRSPlansLowerTaxDisclosurePenaltiesForCryptoCases
🇺🇸 IRS Plans Lower Penalties for Crypto Tax Disclosures
📰 IRS-CI chief Jarod Koopman: a revamped Voluntary Disclosure Program arrives before December (Forbes, Oct 23).
⏱️ Goal: close cases within 120 days. Today it can take a year or more.
📉 Penalties "substantially lower," no figures yet.
💳 Installment plans and settlement offers under review.
🪙 No separate crypto track; digital assets use the same program.
⚠️ It covers willful noncompliance, not honest mistakes.
What it means for crypto: a cheaper way to clean up old gains could pull holders into compliance, but enforcement isn't going away.
Would this get more holders to come clean? 👇
$BTC $ETH
#CryptoNews #CryptoTax #IRS #IRSPlansLowerTaxDisclosurePenaltiesForCryptoCases
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