Why the IRS may be coming to tax your cryptocurrency - MarketWatch

1. 88% of crypto owners underreport taxes, risking IRS scrutiny. 2. IRS targets tax evaders to offset corporate tax cuts; fairness emphasized. 3. New IRS reporting rules on centralized exchanges come into effect in 2025. 4. Bitcoin price exceeds $100,000, increasing potential taxable events for investors. 5. Tax evasion level in Norway hints at similar trends in the U.S.