“Tax expert: New IRS funding will target the rich, crypto, and tech”

Get your ducks in order. The IRS is going to chase every penny that they can.

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From the article:
" IRS to target wealthy individuals and crypto accounts

IRS Commissioner Charles Rettig, who was appointed by former President Donald Trump, along with the Democratic party have repeatedly expressed that the new enforcement funds would not be directed at small businesses and families making under $400,000.

"Wage-earning taxpayers like firefighters, construction workers, teachers and police officers are among the most compliant taxpayers, given that their incomes come from Forms W-2 and 1099," Rettig wrote this week in an exclusive op-ed on Yahoo Finance. "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans."

Instead, the IRS would focus its audit efforts on high-income taxpayers, Rettig wrote.

“You want to be efficient and go where the money is,” Pon told Yahoo Finance."

Yahoo Article