IRS warning letters to crypto investors surged more than 750% in the past 60 days, raising concerns about new tax rules

Odaily Planet Daily News According to CoinLedger CEO David Kemmerer, the number of IRS-related warning letters received by U.S. crypto investors in the past 60 days has surged by 758%, which may signal an imminent new wave of tax enforcement. This trend is related to the 1099-DA form regulations that will take effect in 2026, when crypto brokers will need to report detailed profit and loss information of user asset transactions to the IRS. Common warning letters include educational type 6174, suspected underreporting 6174-A, as well as response-required 6173 and CP2000. Experts recommend that users proactively organize transaction records and timely file supplementary reports to reduce the risk of being audited. (Block)