Tag: irs nft reporting rules

Crypto Crackdown Is Here: The IRS Is Watching Your Wallet: Are You Ready?

Jul 21, 2025

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by

Steve Perry

in Tax Representation, tax-planning

The IRS has unleashed sweeping new regulations on digital assets that could devastate unsuspecting taxpayers. Beginning in 2025, Form 1099-DA will report all crypto and NFT transactions—meaning the IRS will know every move you make. Whether you bought, sold, traded, or moved coins between wallets, your actions could now trigger a tax event. The risk?…