Number of IRS Warning Letters Sent to US Crypto Investors Surges 758% in 60 Days as New Tax Regulations Take Effect Next Year

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2025/06/27 15:58

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According to Jinse Finance, over the past 60 days, U.S. crypto tax platform CoinLedger has observed a 758% surge in the number of users receiving warning letters from the Internal Revenue Service (IRS), a trend also confirmed by accounting firms. This may signal a wave of enforcement ahead of the new 1099-DA tax regulation set to take effect in January 2026. The new regulation will require crypto platforms to report users’ transaction income and costs, providing the IRS with more comprehensive tax data.

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