Don't Risk an Audit: Ensure Your Bitcoin Taxes Are Fully Compliant
The IRS received cryptocurrency transaction data from major exchanges like Coinbase, Kraken, and Binance.US for the 2025 tax year. If you traded, sold, or earned Bitcoin, they already have records.
Many Americans assume crypto transactions fly under the radar. That assumption costs people thousands in penalties when audits hit.
Starting in 2024, exchanges must report all transactions over $600 to the IRS using Form 1099-DA. Your $2,000 Bitcoin sale in March? Already reported. Your mining rewards from that gaming rig? Also tracked.