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  1. Home
  2. Pulse of the market
  3. Crypto Users Brace for IRS Backlogs

Crypto Users Brace for IRS Backlogs

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  • cryptohogC Offline
    cryptohogC Offline
    cryptohog
    wrote last edited by
    #1

    06ccfb8e-d258-415c-add8-7eb54919140d-image.png

    Nearly half of the IRS workforce is furloughed due to the government shutdown. The reduction in staff risks major backlogs in crypto tax reporting, including audits and guidance updates. While operations are scaled back, digital asset taxpayers must still meet filing deadlines or face penalties, making the next weeks especially challenging.

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    • A Offline
      A Offline
      alex10
      wrote last edited by
      #2

      People have no idea how messy this can get. IRS backlogs mean delayed refunds, misfiled data, and endless confusion for crypto holders.

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      • J Offline
        J Offline
        jacson4
        wrote last edited by
        #3

        It’s ironic that crypto traders are expected to report every transaction while the IRS itself is stuck in backlog mode. The system needs modernization.

        1 Reply Last reply
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