Per the IRS Criminal Investigation division, digital asset crimes are increasing as cryptocurrency and cyber-related investigations continue to rise. New initiatives like CI-FIRST and streamlined financial records requests aim to improve enforcement efficiency through public-private collaboration. Preparers and advisers must be ready to identify red flags and help clients comply accurately to reduce the risk of penalties and potential criminal exposure.
Objectives
Upon completion of this session, you will be able to:
Identify emerging enforcement trends in cryptocurrency and cyber-related investigations impacting tax professionals
Understand key IRS CI initiatives, including CI-FIRST and streamlined financial records requests
Evaluate implications for compliance and risk management when working with clients involved in digital assets or cyber-related activities
