Whether you’ve dabbled in crypto, trade regularly, or run a business that accepts crypto payments, this conversation is your wake-up call to get prepared before the IRS comes knocking.
Listen / Watch the full episode: Crypto, the IRS, and the Hidden Tax Storm Ahead with Janna Scott on The Compassionate Capitalist Show:
Podcast Link: https://creators.spotify.com/pod/profile/karen-rands-compassionate/episodes/Crypto--the-IRS--and-the-Hidden-Tax-Storm-Ahead-with-Janna-Scott-e38bdr2
The Compassionate Capitalist Show Website: https://www.thecompassionatecapitalistshow.com
Takeaways in the full episode
● Popular crypto tax tools often produce wildly different results (35–120% variance).
● Exchanges disclaim responsibility for tax reporting errors, leaving investors liable.
● The IRS already has access to transaction data through John Doe summons.
● Penalties and compounding interest can double or triple liabilities over time.
● State tax authorities are often more aggressive than the IRS.
● Middle-class investors are the most vulnerable when audits restart.
● DeFi Tax uses blockchain data directly, providing audit-ready transparency.
● Having expert representation can mean the difference between resolution and ruin.
Get Karen's investor books: https://amzn.to/47D5Lwz
