{"id":87882,"date":"2023-12-05T17:19:33","date_gmt":"2023-12-05T15:19:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87882"},"modified":"2025-09-13T14:36:14","modified_gmt":"2025-09-13T11:36:14","slug":"focus-of-irs-investigations-shifts-to-tax-evasion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/focus-of-irs-investigations-shifts-to-tax-evasion\/","title":{"rendered":"Focus of IRS investigations shifts to tax evasion"},"content":{"rendered":"<p>Three years ago, the overwhelming majority of cryptocurrency investigations (more than 90%) were linked to money laundering. In the past year, about half of them have involved tax evasion, Bloomberg reports, citing data from the <span data-descr=\"United States Internal Revenue Service\" class=\"old_tooltip\">IRS<\/span>.<\/p>\n<p>According to Jim Li, head of the agency&#8217;s Criminal Investigation Division, there is a surge in cases related to evasion of government obligations in cryptocurrency transactions.<\/p>\n<p>According to the report, the range of investigations covers a number of issues\u2014from undeclared gains from capital gains or mining to failure to disclose digital assets.<\/p>\n<p>Since the 2019 tax year, the IRS has asked individuals to report cryptocurrency transactions.<\/p>\n<p>As reported, on 21 November, in a <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-to-pay-50-million-under-u-s-doj-settlement\">\u0441\u0434\u0435\u043b\u043a\u0438 \u0441 \u0432\u043b\u0430\u0441\u0442\u044f\u043c\u0438<\/a> Binance paid $4.3 billion, and Changpeng Zhao<a href=\"https:\/\/u1f987.com\/en\/news\/media-changpeng-zhao-to-step-down-as-binance-to-pay-4-3-billion-in-penalties\"> agreed<\/a> to a $50 million fine and to step down as chief executive.<\/p>\n<p>U.S. Treasury Secretary Janet Yellen said that <span data-descr=\"Financial Crimes Enforcement Network\" class=\"old_tooltip\">FinCEN<\/span>, <span data-descr=\"Office of Foreign Assets Control, U.S. Department of the Treasury\" class=\"old_tooltip\">OFAC<\/span> and the IRS had been conducting an investigation into the organization for three years.<\/p>\n<p>In October, it became known that Kraken<a href=\"https:\/\/www.theblock.co\/post\/259757\/kraken-irs-user-data-order\"> \u043d\u0430\u043f\u0440\u0430\u0432\u0438\u0442\u044c<\/a> \u041d\u0430\u043b\u043e\u0433\u043e\u0432\u043e\u0439 \u0441\u043b\u0443\u0436\u0431\u0435 \u0438\u043d\u0444\u043e\u0440\u043c\u0430\u0446\u0438\u044e about US-based users who conducted transactions totaling more than $20 000 in the period from 2016 to 2020. The company will<a href=\"https:\/\/u1f987.com\/en\/news\/u-s-court-orders-kraken-to-hand-over-customer-tax-information\"> relevant court order<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRS: three years ago, the overwhelming majority of cryptocurrency investigations (more than 90%) were related to money laundering. In the past year, about half of them involved tax evasion.<\/p>\n","protected":false},"author":1,"featured_media":87883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,36,558,26],"class_list":["post-87882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-regulation","tag-taxes","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87882"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87882\/revisions"}],"predecessor-version":[{"id":87884,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87882\/revisions\/87884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87883"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}