The Reality
Every sale, trade, or use of crypto is a taxable event. The IRS has served summonses on major exchanges and is building cases. Answering the digital asset question on your return incorrectly is a false statement on a federal filing.
Fix It Now
File amended or delinquent returns with accurate crypto reporting. Voluntary compliance before the IRS contacts you eliminates criminal risk and reduces penalties significantly.
The IRS can trace every transaction on the blockchain. Voluntary compliance now is infinitely better than forced compliance later.