I recently got hold of a presentation given to special agents in the IRS Criminal Investigation division that discussed investigating taxpayers who hold crypto.
I went through all of the 181 horribly formatted slides (attached for reference haha) and here's what I learned… pic.twitter.com/YQqHVR5Dv7
— Crypto Tax Girl (@CryptoTaxGirl) July 8, 2019
You would think that these subpoenas would be served to crypto exchanges, but the IRS plans on serving them to Apple, Google, and Microsoft in order to search through taxpayers' download history to see if they have ever downloaded cryptocurrency applications.
— Crypto Tax Girl (@CryptoTaxGirl) July 8, 2019
The IRS also plans on serving subpoenas to collect bank, credit card, and Paypal records. These records should be analyzed to determine if any payments in or out went to parties that can send or receive crypto.
— Crypto Tax Girl (@CryptoTaxGirl) July 8, 2019