Crypto & The Hidden Treasure Operation

The IRS Fraud Enforcement Office initiative known as “Operation Hidden Treasure” will investigate financial fraud involving Cryptocurrency.

The IRS has additional 200 trained employees working on tax noncompliance related to Crypto.  

One of the focus of the Agency is to determine whether or not there is a “tax evasion ‘signature.’

out there in connection with these types of transactions,” as structures created to avoid automatic bank reporting to the government.  

The Operation Hidden Treasure is set to find, trace, and attribute Crypto to U.S. taxpayers as no virtual currency transaction is anonymous.