IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft

The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on the rise, the IRS is growing increasingly concerned with opportunities for tax evasion afforded by the new digital money.

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Voluntary Compliance

The new report and colorful, accompanying infographic don’t show anything out of range from the agency’s estimates last go-round, which found that 83.8% of taxes were paid “voluntarily and on time” for the years 2008 – 2010. The new data shows an 83.6% rate, which is basically unchanged, but also doesn’t show any marked improvement, either. The gross tax gap for the current data has $441…