📰 IRS to Ease Tax Disclosure Penalties, Including Crypto Reporting: Forbes
🗓️ Oct 23 2026 22:22 UTC - Crypto Breaking News
The U.S. Internal Revenue Service (IRS) is working on a substantial update to its voluntary disclosure program, with plans to cut penalties and speed up
➤ The IRS is planning to update its voluntary disclosure program before December, aiming to reduce penalties and expedite case resolutions for taxpayers with tax violations, including those related to cryptocurrency.
➤ Digital assets will be handled within the existing voluntary disclosure framework, not through a separate crypto-specific process, with a focus on willful noncompliance.
➤ Congress is also considering a separate legislative pathway, the Digital Asset Tax Certainty Act, which could offer defined penalties for unintentional crypto reporting errors, creating a potential policy tension.
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IRS to Ease Tax Disclosure Penalties, Including Crypto Reporting: Forbes
The U.S. Internal Revenue Service (IRS) is working on a substantial update to its voluntary disclosure program, with plans to cut penalties and spe...












