Understanding the IRS and Cryptocurrency: Penalties, Tax Evasion, and Compliance

In 2017, the Cryptocurrency Tax Fairness Act, co-sponsored by Representatives David Schweikert and Jared Polis, failed to gain traction in Congress.

source https://www.google.com/url?rct=j&sa=t&url=https://cryptoslate.com/internal-revenue-service-cryptocurrency-penalties-tax-evasion-compliance/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNExsMPOhEf877sO0e7RVVVDZX2VgA