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The Internal Revenue Service Can Improve Taxpayer Compliance for Virtual Currency Transactions.

Report Information

Date Issued
Report Number
2020-30-066
Report Type
Audit
Joint Report
Yes
Participating OIG
Treasury Inspector General for Tax Administration
Agency Wide
Yes (agency-wide)
Questioned Costs
$0
Funds for Better Use
$0
View Report

Recommendations

The Deputy Commissioner for Services and Enforcement should continue efforts to close the virtual currency information gap by issuing guidance clarifying the proper information reporting associated with virtual currency transactions.

The Deputy Commissioner for Services and Enforcement should continue efforts to close the virtual currency information gap by issuing guidance clarifying the proper information reporting associated with virtual currency transactions.

The Commissioner, Small Business/Self-Employed Division, should develop a process to use and monitor Title 31 virtual currency information in Title 26 examination workload.