What Happens If I Don't Pay Crypto Taxes

Last Updated on March 19, 2024 by Paganoto

There's a tricky 'virtual currency' question on your tax return

If you don't report taxable crypto activity and face an IRS audit, you may incur interest, penalties or even criminal charges. It may be considered tax evasion or fraud, said David Canedo, a Milwaukee-based CPA and tax specialist product manager at Accointing, a crypto tracking and tax reporting tool.Mar 23, 2022

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Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.