Regulation● Neutral

US tax agency plans softer penalties for voluntary disclosures, crypto included

TradingGain Newsroom·5d ago·23 Oct 2026, 20:54 UTC

The US tax agency, the IRS, plans to lower penalties for taxpayers who voluntarily disclose past tax violations, and this includes crypto, according to Forbes. The plan focuses on faster case resolutions and more flexible payment options. For traders, it may ease the cost of fixing past tax issues, though it is still only a plan.

Why it matters

Lower penalties for voluntary disclosures would cover crypto under the planned overhaul.
Faster resolutions could help traders settle past tax violations sooner.
More flexible payment options may make it easier to pay back taxes owed.

What to watch next

Watch for the final details of the IRS program overhaul and any official decision on how the new penalties will work.

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.