TechFlame News: According to CoinDesk, a survey by crypto tax platform Awaken Tax reveals that over 50% of U.S. crypto investors are concerned about facing penalties from the IRS. New regulations require brokers such as Coinbase to report all digital asset transactions to the IRS using Form 1099-DA to combat tax evasion. For the first time, the IRS will obtain internal data from exchanges and cross-check it with taxpayer filings. Andrew Duca, founder of Awaken Tax, points out that the rule treats crypto assets similarly to stocks, but the actual operations are complex: users often transfer assets between multiple wallets and interact with DeFi, while brokers can only report proceeds from sales and cannot provide the cost basis (purchase cost), resulting in incomplete forms. Taxpayers must supplement cost information themselves using Form 8949. Currently, crypto tax compliance is less than 20%.