In a world where pixelated avatars rake in millions and the blockchain is hotter than a Nashville summer, some people still think digital wealth flies under the IRS radar. Spoiler alert: It doesn’t. That’s the painful lesson learned by Waylon...
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IRS Nails NFT Seller for Tax Fraud on $13 Million
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Subscribe17 APR 2025 / ACCOUNTING & TAXES
Waylon Wilcox, a Pennsylvania man, has pleaded guilty to federal tax fraud after making $13 million from trading CryptoPunks NFTs and failing to report the earnings. The IRS used blockchain tracing tools and analytics to catch the tax evasion, highlighting increasing capabilities of tax authorities to monitor and prosecute offences involving digital assets.
In a world where pixelated avatars rake in millions and the blockchain is hotter than a Nashville summer, some people still think digital wealth flies under the IRS radar. Spoiler alert: It doesn’t. That’s the painful lesson learned by Waylon...
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