What raises red flags for the IRS?
I'm wondering about the things that might catch the attention of the IRS and trigger an audit or further investigation. What are the common red flags that I should avoid when dealing with taxes?
Can IRS track XMR?
I am wondering if the Internal Revenue Service (IRS) has the capability to trace or track transactions made using XMR, which is a type of cryptocurrency known for its privacy features.
Will Kraken report to IRS?
I'm wondering if Kraken is required to report to the IRS. I need to know this for my tax reporting purposes. Can someone confirm if Kraken reports to the IRS or not?
What amount of money transfer triggers IRS?
I'm wondering about money transfers and the IRS. Specifically, I want to know what amount of money transfer will trigger the attention of the IRS.
How does IRS track crypto?
I want to know how the IRS keeps track of cryptocurrency transactions. What methods or tools do they use to monitor and trace crypto activity for tax purposes?