Crypto Crackdown Is Here: The IRS Is Watching Your Wallet: Are You Ready?

If you’ve ever used Coinbase, dabbled in NFTs, or sent crypto to a friend, you may already be in the IRS’s crosshairs.

And it’s not paranoia. It’s law.

Starting in 2025, your crypto activities—from selling Bitcoin to swapping tokens—will be reported to the IRS just like stock trades. Form 1099-DA will expose your digital dealings in full.

Here’s what that means:
If you’ve ever underreported gains, forgotten a transfer, or assumed a stablecoin was “tax-free,” the IRS will know.

And if they think you owe? They can seize your bank account.

You read that right. This isn’t some hypothetical audit. The IRS has enforcement teeth—levies, liens, and full-scale financial disruption. You won’t even get a courtesy call. One day you’ll swipe your debit card and find your checking account frozen.

Don’t assume you’re safe because you only “casually” traded crypto. The new regulations define a broker as nearly anyone facilitating a transaction. That means exchanges, marketplaces, maybe even your favorite wallet app. And digital assets? That includes NFTs, stablecoins, and coins you mined in your garage.

You won’t see it coming until it’s too late.

If your crypto activity hasn’t been reported properly, you’re already vulnerable. But there’s good news: Steve Perry, EA is ready to fight for you.

With over a decade of IRS representation experience, Steve understands the new IRS digital asset enforcement strategy. He knows how to proactively correct old filings, mitigate penalties, and stop IRS collection dead in its tracks.

Have questions? Don’t wait. Contact Steve at (678) 717-9818 or [email protected]

If you’re sitting on unreported gains, playing wait-and-see with NFTs, or assuming your small stablecoin trades “don’t count”—you’re gambling with your bank account.

And the IRS has stacked the deck.

The final regulations clarified that brokers must use FIFO (first-in-first-out) for calculating cost basis. That means even old coins you forgot about could create big tax bills now. And if you moved digital assets between wallets? The IRS may treat that as a sale unless you have perfect records.

The new Form 1099-DA doesn’t care if you made money or not. It only cares that a transaction occurred. Every move is logged. Every click could become a tax event.

The clock is ticking. These rules are not just for 2025—they apply to tax years 2025 forward. But the IRS is watching now.

This is not the time to hope for a softer IRS. They’re coming with full enforcement power, and digital assets are their next goldmine.

Steve Perry, EA helps clients across the country navigate complex digital asset reporting and protect their accounts from IRS action. Whether you’re a heavy trader or a casual investor, you need a plan.

Call (678) 717-9818 or [email protected]

Message Steve directly on LinkedIn: www.linkedin.com/in/steveperrybtm

Your freedom, your finances, and your future are too important to gamble on ignorance.