According to CNBC, the U.S. Internal Revenue Service (IRS) is ramping up efforts to track taxes on crypto asset transactions. Research estimates that only about 32% to 56% of U.S. taxpayers holding crypto assets report related transactions to the federal government. Since crypto asset transactions involve multiple platforms, wallets, and on-chain operations, tax calculations are often more complex than those for traditional financial assets. As data disclosure mechanisms improve, the IRS is enhancing its ability to identify underreported or misreported transactions. https://(wublock123.com)/news/cnbc-us-32-to-56-percent-crypto-holders-reporting-to-government-66166