IRS To Ramp-Up Enforcement of “High-Risk Issues in Noncompliance,” Including Criminal Investigation

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The Internal Revenue Service (IRS) said it would prioritize and ramp-up enforcement in the area of digital asset transactions and listed transactions.  In a recently released funding plan, the agency wrote, “The IRS tracks many known, high-risk issues in noncompliance, such as digital asset transactions, listed transactions and certain international issues. These issues arise in multiple taxpayer segments, and data analysis shows a higher potential for noncompliance.”  The agency added, “We will prioritize resources to increase enforcement activities, including criminal investigation as appropriate.”