NODE40’s Post

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With just a simple "Do you have crypto?" form, the risk of an audit increases. If you deny holding crypto when you actually do, take note: following the 2021 Infrastructure Act, brokers are now required to report 1099 information on crypto gains, losses, and other related data. Stay informed and remain compliant. 🔍📊

Michael Raanan, MBA, EA 💰 IRSvideos . com

Former IRS Agent | Owe the IRS? Visit IRSvideos.com

1y

Very true. On top of that, the IRS has announced a new, massive AUDIT campaign against "high-income" taxpayers. Accountants, tax preparers and financial pros need to have precise information readily available to support their clients' positions. NODE40 has become a necessity for accounting firms.

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