www.nysscpa.org
"A little-known provision of the infrastructure law passed last November will, starting in 2024, require certain taxpayers who receive more than $10,000 in digital assets a year to reveal to the IRS the senders’ identity, Accounting Today reported. "
"Under the provision, recipients of digital assets will be required to report the sender’s name, address and Social Security number within 15 days. Civil penalties for those who accidentally overlook the requirement can reach as high as $3 million. And recipients who intentionally disregard it can be charged with a felony and face up to five years in prison and higher civil penalties. Corporate violators face fines of up to $100,000 per transaction "