TechFlow News, March 11: According to Bitcoin News, the U.S. Internal Revenue Service (IRS) has introduced a new form for cryptocurrency audits, listing over 100 platforms—including exchanges such as Coinbase, Binance, Kraken, FTX, and Mt. Gox, as well as self-custodial wallets like MetaMask, Ledger, and Trezor.
Taxpayers must indicate “Yes” or “No” for each platform to confirm whether they have used it, and must sign the document under penalty of perjury. The form aims to comprehensively map taxpayers’ cryptocurrency usage history, potentially spanning multiple years. Omitting a platform that was previously used may raise questions, while disclosing too many platforms could trigger new investigations.
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