CoinLedger: The number of IRS warning letters received by U.S. crypto investors has surged by 758% in the past 60 days, and the new tax rules will take effect next year
2025-06-27 15:53:58
CoinLedger, a US crypto tax platform, has seen a 758% jump in the number of users receiving warning letters from the Internal Revenue Service (IRS) over the past 60 days, and accounting firms have confirmed a similar trend. This could be a precursor to enforcement ahead of the new 1099-DA tax rule, which will be implemented in January 2026. The tax rule will require crypto platforms to report users' transaction income and costs, providing the IRS with more complete tax data.
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