This past summer, the IRS caused waves when it announced that it would be sending some 10,000 notices to cryptocurrency traders. However, a recent report finds that due to cuts, IRS audits have plummeted to their lowest level in at least four decades. Hysteria over the IRS hammer coming down on cryptocurrency traders may be overblown after recent reports indicate that the tax agency is a shell of its former shelf. The Wall Street Journal finds that audits plummeted to only 0.45% of all personal income tax returns in 2019, the lowest level in at least four decades. This marks the eighth straight year of decline which ... (full story)