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IRS Criminal Indictments Explained: What Happens When You Don’t Report Crypto
The IRS is about to get full visibility into your crypto activity. Starting January 2026, the 1099-DA will report every sale, exchange, and transfer you make on US exchanges.
And in 2027, the Crypto Asset Reporting Framework (CARF) brings 90+ countries into the same system.
This means:- Every transaction reported, no minimum amount- Your wallet addresses exposed through transfer data- Foreign exchanges like Binance will collect KYC and report to the IRS- DeFi won't save you
The bigger shift: the IRS is moving away from audits and toward criminal indictments. Look at the Roger Ver case - they went back 10 years and reconstructed his entire portfolio using wallet clustering.
If you're not reporting all your crypto income, you have a narrow window to get compliant. After 2026, the game changes completely.
Get help getting compliant: cryptotaxaudit.com/contactNeed help before CARF goes live?Get a confidential 1:1 strategy session with Clinton Donnelly:👉https://www.cryptotaxaudit.com/crypto-tax-consultation
More help:• Crypto tax audit defense - https://www.cryptotaxaudit.com/taxshield• Education & guidance on crypto tax reporting
Have a question about CARF or foreign reporting?Drop it below and we’ll cover it in an upcoming video.
Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.
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By Clinton DonnellyThe IRS is about to get full visibility into your crypto activity. Starting January 2026, the 1099-DA will report every sale, exchange, and transfer you make on US exchanges.
And in 2027, the Crypto Asset Reporting Framework (CARF) brings 90+ countries into the same system.
This means:- Every transaction reported, no minimum amount- Your wallet addresses exposed through transfer data- Foreign exchanges like Binance will collect KYC and report to the IRS- DeFi won't save you
The bigger shift: the IRS is moving away from audits and toward criminal indictments. Look at the Roger Ver case - they went back 10 years and reconstructed his entire portfolio using wallet clustering.
If you're not reporting all your crypto income, you have a narrow window to get compliant. After 2026, the game changes completely.
Get help getting compliant: cryptotaxaudit.com/contactNeed help before CARF goes live?Get a confidential 1:1 strategy session with Clinton Donnelly:👉https://www.cryptotaxaudit.com/crypto-tax-consultation
More help:• Crypto tax audit defense - https://www.cryptotaxaudit.com/taxshield• Education & guidance on crypto tax reporting
Have a question about CARF or foreign reporting?Drop it below and we’ll cover it in an upcoming video.
Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice.Tax laws and IRS procedures can change, and every situation is unique.You should consult with a qualified tax professional before taking any action based on this content.Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit.