A study published in the 'Review of Accounting Studies' indicates that only 32% to 56% of U.S. taxpayers holding cryptocurrencies report their transactions to the federal government. CNBC reported this on the 5th, based on the study and insights from tax experts.
The backdrop includes the Internal Revenue Service (IRS) mandating intermediaries to submit 'Form 1099-DA' starting with the 2025 tax year...
