IRS to Crack Down on Crypto with $80B Funding đź’°

President Biden allocates $80 billion to IRS, hiring agents to target crypto transactions and ensure tax compliance.

IRS to Crack Down on Crypto with $80B Funding đź’°
Mark J Kohler
4.8K views • Dec 11, 2025
IRS to Crack Down on Crypto with $80B Funding đź’°

About this video

President Biden approved $80 billion in IRS funding—much of it dedicated to hiring thousands of new agents and forming specialized teams targeting crypto traders. That’s why the very first question on your tax return now asks if you bought, sold, or exchanged digital assets.

If you’re thinking, “The IRS hasn’t come after me yet,” here’s the hard truth:
If you don’t report crypto income, there is no statute of limitations.
That’s tax fraud.

The IRS can come after you 10+ years later once blockchain analysis catches up. And when they do, they won’t just assess the tax—you’ll face penalties, interest, and potentially a lien that follows you for life.

Crypto is treated just like stock or other property.
If you sell it, trade it, swap it, or exchange it, you have a taxable event. Period.

Get ahead of this. Report properly. Protect yourself.

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4.8K

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Published

Dec 11, 2025

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