[TexasGator]

“The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income”

Two false facts in the first sentence. Delete this garbage.

[Ken H]

Are you saying it’s tales from the crypto?

[SkyPilot]

Two false facts in the first sentence. Delete this garbage.

That's not correct.

Here is the direct link from the IRS itself:

https://www.irs.gov/newsroom/virtual-currency-irs-issues-additional-guidance-on-tax-treatment-and-reminds-taxpayers-of-reporting-obligations

Lie about your "crypto" currency, and people face severe consequences:

“At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”

See this sentence. This is the IRS way of issuing a warning for non-compliance:

"The IRS is aware that some taxpayers with virtual currency transactions may have failed to report income and pay the resulting tax or did not report their transactions properly. The IRS is actively addressing potential non-compliance in this area through a variety of efforts, ranging from taxpayer education to audits to criminal investigations."