Nicholas Mowbray

The IRS's 'Operation Hidden Treasure': What it Means for Crypto Holders

It’s no secret the IRS is on the hunt for new sources of tax revenue—and that the agency has turned its attention to taxpayers who under-report crypto-related transactions. Indeed, the IRS recently launched “Operation Hidden Treasure,” a partnership between its Office of Fraud Enforcement and Criminal Investigation Division that seeks to uncover crypto tax avoidance. This operation coincides with a push by the agency to obtain information from cryptocurrency exchanges for prior tax years, and th...