Jul. 1, 2026
Draper, Utah/USA, July 1st, 2026
Crypto Tax Made Easy reconstructed an anonymous client’s blockchain and exchange records during an IRS audit, and Securus Advisors represented the client before the IRS, supporting the position that disputed Poloniex withdrawals were transfers between the taxpayer’s own wallets rather than new taxable income.
Crypto Tax Made Easy, a cryptocurrency tax accounting firm, has reported the resolution of an Internal Revenue Service (IRS) audit in which an anonymous client’s estimated tax exposure of approximately $1.55 million was reduced to a settlement of about $148,000, including penalties and interest.
The IRS can obtain cryptocurrency exchange data on individual users through John Doe summonses, but that data may not reflect a taxpayer’s full transaction history. In this case, the IRS received data indicating unreported transactions on a prior return. Because the Poloniex exchange had stopped supporting U.S. trading, the client could not obtain their own records from the exchange and could not initially prove that withdrawals to a personal wallet originated from funds the client had earlier deposited.
