IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors

IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors

The Internal Revenue Service's (IRS) Criminal Investigation Division (CI) wants millions more in funding to pursue cryptocurrency tax evasion.

According to the tax agency's Congressional Budget Justification & Annual Performance Report and Plan, the IRS has outlined a number of avenues that $32.3 million in additional funding will bolster the agency's crypto tax collection efforts.

These include expanding the use of specialized contractor support services provided by a group of cyber/crypto experts and building an internal dashboard for blockchain analytics.