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AT Think Crypto cost basis gaps create civil and criminal tax exposure
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 AT Think Crypto cost basis gaps create civil and criminal tax exposure. Worth reviewing for potential client impact.
Summary
The IRS can broaden the audit, and, in the wrong fact pattern, frame the issue as deliberate concealment rather than poor recordkeeping.
Classification
Category: fyiPriority: importantReason: Contains 'audit' - significant update
Affected Groups
All tax practitioners
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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