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However, the IRS has recently revealed that its investigations into potential noncompliance with regards to taxes on digital assets have risen significantly. In an open letter to taxpayers, the IRS wrote that it has seen a “sharp increase” in investigations into taxpayers who are suspected of noncompliance when it comes to taxes on digital assets. The letter states that the IRS has developed a comprehensive strategy to strengthen its efforts to detect, investigate, and prosecute cases involving virtual currency tax noncompliance.